Black Sea Economic Cooperation

The purposes of the subject “Organisation of the Black Sea Economic Cooperation (BSEC)” are the following:

1. To understand the aims and functions of the Organisation of the Black Sea Economic Cooperation
2. To analyse the areas of cooperation of the BSEC
3. To evaluate the role of the Black Sea Trade and Development Bank

Description: Organisation of the Black Sea Economic Cooperation (BSEC)

In 1992, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, and Ukraine created the Black Sea Economic Cooperation.

In 1999, the Organisation of the Black Sea Economic Cooperation was transformed into a regional economic institution: The Organisation of the Black Sea Economic Cooperation.

The member countries of the the Black Sea Economic Cooperation are Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Macedonia, Moldova, Romania, Russia, Serbia, Turkey, Ukraine

1. Observer countries of the Organisation of the Black Sea Economic Cooperation: Austria, Belarus, Croatia, Czech Republic, Egypt, France, Germany, Hungary, Israel, Italy, Poland, Slovakia, Tunisia, and the United States.
2. In 2003, Serbia became a member of the Organisation of the Black Sea Economic Cooperation
3. The region of the Organisation of the Black Sea Economic Cooperation has 350 million people with an international trade capacity of USD 300 billion every year
4. After the Persian Gulf region, the region of the Organisation of the Black Sea Economic Cooperation is the second largest petrol and natural gas source
5. The region of the Organisation of the Black Sea Economic Cooperation is a major transport and energy corridor in Europe
6. The Organisation of the Black Sea Economic Cooperation (BSEC) is an organisation that has both Muslim countries as Orthodoxy Christian

The Black Sea Trade and Development Bank is an international financial institution formed by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, and Ukraine.

1. The goal of the Black Sea International Trade and Development Bank is to speed up regional development and promote the cooperation between the Member States

Member states of the Organisation of the Black Sea Economic Cooperation: Albania, Armenia, Azerbaijan, Bulgaria, Georgia, the Hellenic Republic, Moldova, Romania, the Russian Federation, Serbia, Turkey, and Ukraine.

Russian Trade Agreements: APEC, ASEAN, Shanghai Cooperation Organisation, EurAsEC, Eurasian Economic Union, Commonwealth of Independent States, European Union, Andean Community, BRICS Countries...

Russian Federation: Russian Economy, Ports of Russia, Payment system, Investment (FDI) in Russia, Vladimir Potanin, Helena Baturina, Alexander Lebedev, Leo Tolstoy...

Ukrainian Trade Agreements: EFTA, EU, Black Sea Synergy, GUAM, Central European Initiative..

Serbian Trade Agreements: CEFTA, Central European Initiative, EFTA, EU-Western Balkans...

Turkish Free Trade Agreements: EFTA, Tunisia, Morocco, Egypt, European Union (Customs Union), Africa-Turkey, Turkic Council, TPS-OIC...

Black Sea Synergy

1. Eurasian Land Transport Initiative (Silk Road, China-Europe)
2. Almaty-Bishkek Economic Corridor
3. Bangladesh-China-India-Myanmar Economic Corridor
4. China-Central Asia-West Asia Economic Corridor
5. China-Mongolia-Russia Economic Corridor