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Monday 19 August 2019

The First Caspian Economic Forum


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ASHGHABAT (euronews) — The five states surrounding the Caspian Sea are seeking to deepen their cooperation in the industrial, trade and tourism sectors at the 1st Caspian Economic Forum in Turkmenistan.

Since the early 2000s, the five Caspian states of Russia, Kazakhstan, Turkmenistan, Iran and Azerbaijan have been holding high-level meetings in an attempt to solve long-standing problems. Now, they’ve decided to take the next step and open a new chapter in Caspian relations.

The Convention on the Legal Status of the Caspian Sea, which was signed by the five heads of states in Aktau, Kazakhstan on August 2018 served as a starting point for further regional integration and opened a new chapter of cooperation in the fields of transport, trade, energy and ecology.

The first Caspian Economic Forum marks the first anniversary of that signing. The official part of the forum took place at the Awaza Convention Center.

The President of Turkmenistan, Gurbanguly Berdimuhamedov and the Prime Ministers of the other four countries held talks on the role and place of the region’s economies in the global system of world economic relations, the potential for expanding interaction in the areas of the digital economy and special economic zones.

The agenda also included the possibility of implementing joint investment projects and programs, as well as the simplification of the visa regime.

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