Organization of the Black Sea Economic Cooperation
From Wikipedia, the free encyclopedia
On 25 June 1992, the Heads of State and Government of eleven countries signed in Istanbul the Summit Declaration and the Bosporus 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-neighbourly relations in the Black Sea region.
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 Serbia and Montenegro in April 2004, the Organization’s Member States increased to twelve.
The BSEC Headquarters - the Permanent International Secretariat of the Organization of the Black Sea Economic Cooperation (BSEC PERMIS) - was established in March 1994 in Istanbul.
It is related to the Black Sea Trade and Development Bank, an international financial institution based in Thessaloniki.
[edit] Membership
Founding members are:
Later members:
Cyprus and 
Montenegro applied to join, but were denied for now due to rivalry between Greece and Turkey, who vetoed Montenegro and Cyprus respectively.[1]
As seen above, membership has not been restricted to countries which have access to the Black Sea.
Observer nations are the following:
Later observers:
Observer organizations are the:
- International Black Sea Club
- Energy Charter Secretariat
- Black Sea Commission
The chairmanship is currently held by Serbia (November 2006 - April 2007).
[edit] See also
- Stability Pact for Southeastern Europe (SP for SEE)
- Southeast European Cooperation Process (SEECP)
- Central European Free Trade Agreement (CEFTA)
- Central European Initiative (CEI)
- Southeast European Cooperative Initiative (SECI)
- Black Sea Forum (BSF)
- Black Sea Trade and Development Bank (BSTDB)
[edit] External link
 |
This economics or finance-related article is a stub. You can help Wikipedia by expanding it. |
