Black Sea Economic Cooperation Organization (BSECO)
General information. Black Sea Economic Cooperation Organization was established under the Istanbul Declaration on June 25, 1992. The organization got its status with signing of Yalta Resolution by the heads of state and government of member countries in Yalta on June 5, 1998 (come into force on May 1, 1999). The initiative of creating the organization belongs to Turkey.
Member States. Azerbaijan, Albania, Bulgaria, Armenia, Georgia, Moldova, Russia, Romania, Turkey, Greece, Ukraine, Serbia.
Object. The organization was established in order to define major directions of regional cooperation and develop the relation among regional countries.
Cooperation with Azerbaijan. The Republic of Azerbaijan took part in the preparation and adoption of more than 11 varieties of official documents, in the meetings of relevant working groups within the framework of BSEC. The Republic of Azerbaijan has coordinated the activity of working group on energy over 2005-2007. Azerbaijan also takes part in the Black Sea ring highway road construction project, that drawn up to develop the Black Sea region and to strengthen cooperation. According to the decision of the 20th meeting of BSEC Council of Ministers for Foreign Affairs held on 15-16 April, 2009, Azerbaijan was the chairman of the organization for six months period from May 1, 2009.
On June 26, 2012 the 20th anniversary of the Black Sea Economic Cooperation Organization Summit was held in Istanbul with the participation of President Ilham Aliyev.
On 18-19 October 2012, the meeting of the Working Group on Trade and Cooperation of Black Sea Economic Cooperation Organization was held in Istanbul, Turkey.
On February 20, 2014, the High Level Forum on attracting the private sector to agro-food chain development was held at the Baku Business Center. The event was held with the support of Business Council of BSEC, the National Confederation of Entrepreneurs (Employers’) Organizations of Azerbaijan Republic, International Food Organisation, Ministry of Economy and Ministry of Agriculture.
The Deputy Minister of Economy participated in the meeting of ministers in charge of economy held on 11 May 2017 in Istanbul.