Улаанбаатар
Mongolia Advances Regional Integration with Three CAREC Document Signing
Politics
Ulaanbaatar, November 26, 2025 /MONTSAME/. Mongolia signed three significant documents to deepen regional economic cooperation during the 24th CAREC (Central Asia Regional Economic Cooperation) Ministerial Conference, held on November 20, 2025, in Bishkek, the Kyrgyz Republic. The agreements aim to enhance trade, digital development, innovation, and tourism collaboration across the region.
By signing the CAREC Trade and Investment Facilitation Partnership (CARTIF) declaration, Mongolia reaffirmed its commitment to reducing trade barriers, creating a transparent and flexible regulatory environment, and strengthening supply chain connectivity.
The
country also signed onto the Innovation and Venture Investment (CIVIC Facility)
initiative, creating new opportunities to support growth in startups and the
technology sector, while enhancing access to regional investment. This
initiative includes the establishment and phased expansion of regional funds.
Additionally,
Mongolia indicated its intention to join the CAREC Digital Corridor
memorandum, aimed at improving digital connectivity, internet
infrastructure, and cybersecurity standards across the region, reported the Ministry
of Economy and Development of Mongolia.
Mongolia
also endorsed a memorandum on smart, sustainable, and inclusive regional
tourism, enabling the development of cross-border travel products, digital visa
services, and expanded private-sector collaboration.
Collectively,
these documents carry strategic significance for advancing Mongolia’s regional
integration, modernizing trade and logistics, strengthening digital
infrastructure, fostering innovation, and boosting tourism competitiveness.
The CAREC Program is a partnership of 11 countries and development partners working together to promote development through cooperation, leading to accelerated economic growth and poverty reduction. The program is a proactive facilitator of practical, results-based regional projects and policy initiatives critical to sustainable economic growth and shared prosperity in the region. Since its inception in 2001 and as of December 2023, CAREC has mobilized USD 51.02 billion in investments that have helped establish multimodal transportation networks, increased energy trade and security, facilitated free movement of people and freight, and laid the groundwork for economic corridor development.
