CAREC Institute Newsletter

The CAREC Institute presented its work progress and planned activities in the 18th CAREC Ministerial Conference which convened CAREC senior officials and development partners on 14 November 2019 in Tashkent, Uzbekistan.

CAREC-Transport-Strategy-2030-MC-Draft

The new CAREC Transport Strategy 2030 builds on progress made and lessons learned from the CAREC Transport and Trade Facilitation Strategy 2020. It links to the overall CAREC 2030 program in the areas of enhanced connectivity and sustainability. In this strategy, trade facilitation has been separated from transport. The Transport Strategy will be implemented in conjunction with the CAREC Integrated Trade Agenda 2030.

More than just money: Digital technologies can help narrow the trade finance gap

Trade finance provides exporters and importers with effective tools to manage working capital and reduce risks related to trading across borders. Around 40% of global international trade is financed by banks through trade finance transactions such as letters of credit, loans, and guarantees. There are around $1.5 trillion of rejected trade finance applications globally in 2018, which is as much as 8% of global goods trade, according to the recent report, Trade Finance Gaps, Jobs, and Growth Survey. The Asia-Pacific region accounts for 40% of the total rejection.