To amplify the regional impact of the CAMCA (Central Asia - Mongolia - Caucasus - Afghanistan) region as an emerging institutionalized market, the Investment Council Secretariat hosted the ASEAN-CAMCA Region-to-Region Dialogue. This event, a side event of the CAMCA Regional Forum 2024, was held to connect the CAMCA region with ASEAN (Association of Southeast Asian Nations), known for its successful track record of regional integration and cooperation. Leaders from both regions came together to explore untapped opportunities for enhancing people-to-people connections, economic prosperity, and regional peace.
Key Highlights:
- Investment Climate and Doing Business in the Kyrgyz Republic Uulk Kydyrbaev, Head of the Secretariat of the Investment Council under the Cabinet of Ministers of the Kyrgyz Republic, presented an in-depth analysis of the investment climate in the Kyrgyz Republic. He highlighted key opportunities, regulatory frameworks, and the business environment to attract ASEAN investors to the region.
- Country Profile: Kyrgyz Republic and CAMCA Forum Invitation Jenny Jenish kyzy, Chair of the Board of Directors of the CAMCA Network and Head of the Kyrgyz Organizing Team for the CAMCA Regional Forum 2024, presented a detailed country profile of the Kyrgyz Republic. She also extended an official invitation to the CAMCA Forum, emphasizing the strategic importance of the event in fostering regional cooperation and development.
- Regional Integration - Lessons from ASEAN A representative from the USA within the CAMCA Network presented insights on ASEAN’s successful model of regional integration. They shared valuable lessons and strategies that CAMCA could adopt to enhance regional cooperation and economic integration.
- CAMCA: Emerging Regionalization The USA representative from the CAMCA Network also discussed the emerging trends of regionalization within CAMCA, highlighting the potential for increased economic and political cooperation among member countries.
- Why ASEAN is Interested in the CAMCA Market? Eric Ku, Head of the ASEAN Delegation, outlined the strategic interests of ASEAN in the CAMCA market. He highlighted the benefits of establishing closer economic ties and emphasized ASEAN's commitment to exploring investment opportunities in CAMCA.
The event provided a platform for experience sharing, highlighting best practices of ASEAN enterprises, and presenting opportunities for Kyrgyz enterprises. This dialogue marked a significant step in fostering partnerships and exploring synergies between the two dynamic regions, leveraging their combined market of 800 million people for mutual benefit.
By bringing together stakeholders from ASEAN and CAMCA, this event underscored the potential for enhanced cooperation and integration, paving the way for a more prosperous and peaceful future for both regions.