Black Sea Economic Cooperation (BSEC)

BSEC logo

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-neighbourly relations in the Black Sea region. 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.

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.

BSEC is active in several areas:
Agriculture
Banking and Finance
Combating Crime
Culture
Custom Matters
Emergency Assistance
Education
Energy
Environmental Protection
Exchange of Statistical Data and Information
Healthcare and Pharmaceutics
Information and Communication Technologies
Institutional Renewal and Good Governance
Science and Technology
SMEs
Tourism
Trade and Economic Development
Transport

More information available at: www.bsec-organization.org