Organization of the Black Sea Economic Cooperation

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On 25 June 1992, the Heads of State and Government of eleven countries 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-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

Image:BSEC Map.png
██ BSEC member states ██ BSEC observer states

Founding members are:

Later members:

Image:Flag of Cyprus.svg Cyprus and Image:Flag of Montenegro.svg Montenegro applied to join, but were denied for new due to rivalry between Greece and Turkey, who vetoed Montenegro and Cyprus respectively.[1]

Image:BSEC members.png
Black Sea Economic Cooperation (zoom) ██ members ██ observers

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:

The chairmanship is currently held by Serbia (November 2006 - April 2007).

[edit] See also

[edit] External link


pl:Organizacja Współpracy Gospodarczej Państw Morza Czarnego

Organization of the Black Sea Economic Cooperation

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