A US-led initiative to create a more integrated and prosperous Central Asian market with strong private sector involvement is gaining traction.
A US-led effort to help Central Asian states reshape the region’s business landscape is achieving some of its initial objectives, putting the initiative on a more solid foundation for potential success. Key Central Asian governments are reacting favorably to the plan.
If two or more Central Asian states can quickly demonstrate the effectiveness of a dispute-resolution system, it would send a “positive signal” to hesitant governments and give impetus to region-wide expansion, the communique read. Working groups covering the five priority economic sectors outlined specific next steps in the communique. A common need identified across all five sectors is the development of transnational mechanisms to harmonize regulatory and customs frameworks.
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