Jun 15, 2007 (
The 29th General Assembly of the Parliamentary Assembly of the Organization of the Black Sea Economic Cooperation (PABSEC)* in
In spite of pro-cooperation statements, the Azeri representative Asaf Hajiyev said his country would not tackle regional economic issues until
Even if other participants had a lower voice or preferred to skip the frozen conflicts issue, it is however likely that problems in Nagorno-Karabakh, Transdniestria, and Ossetia will further prevent the
Kazakh President Nursultan Nazarbayev proposed building a canal between the Caspian Sea and the
Nazarbayev told participants at an international economic forum in
He said
Nazarbayev agreed recently to a plan that envisages the construction of a new pipeline and the modernization of old ones to carry Turkmen and Kazakh natural gas to
Some Western governments have sought alternative routes for energy shipments that would bypass
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*) About BSEC
On 25 June 1992,the Heads of State and Government of eleven countries: Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey and Ukraine signed in Istanbul the ‘Summit Declaration’ and the ‘Bosphorus Statement’ giving birth to the Black Sea Economic Cooperation (BSEC).
It came into existence as a unique and promising model of multilateral political and economic initiative aimed at fostering interaction and harmony among the Member States, as well as to ensure peace, stability and prosperity encouraging friendly and good-neighbouring relations in the
The BSEC Headquarters - the Permanent International Secretariat of the Organization of the Black Sea Economic Cooperation (BSEC PERMIS) - was established in March 1994 in
With the entry into force of its Charter on 1 May 1999, BSEC acquired international legal identity and was transformed into a full-fledged regional economic organization: ORGANIZATION OF THE BLACK SEA ECONOMIC COOPERATION. With the accession of
Facts about the BSEC Region:
- BSEC covers a geography encompassing the territories of the Black Sea littoral States, the Balkans and the
- BSEC represents a region of some 350 million people with a foreign trade capacity of over USD 300 billion annually;
- After the Persian Gulf region, it is the second-largest source of oil and natural gas along with its rich proven reserves of minerals and metals;
- It is becoming Europe's major transport and energy transfer corridor.
BSEC Member States: Republic of Albania, Republic of Armenia, Republic of Azerbaijan, Republic of Bulgaria, Georgia, Hellenic Republic, Republic of Moldova, Romania, Russian Federation, Republic of Serbia, Republic of Turkey, Ukraine.
BSEC Observers: Republic of Austria, Republic of Belarus, Republic of Croatia, Czech Republic, Arab Republic of Egypt, French Republic, Federal Republic of Germany, State of Israel, Republic of Italy, Republic of Poland, Slovak Republic, Republic of Tunisia, United States of America, International Black Sea Club, Energy Charter Secretariat, and the Black Sea Commission.
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