Trade and transport – drivers of prosperity and progress of the Caspian countries

Published in Economics
Wednesday, 29 June 2022 16:12

Iranian Foreign Minister Hussein Amir Abdullahian stressed the importance of the agreement on direct baselines, speaking at a meeting of the foreign Ministers of the Caspian littoral states on Tuesday in Ashgabat.

In the four years since the signing of the Convention on the Legal Status of the Caspian Sea, important steps have been taken forward, but such issues as the delimitation of the water space, the seabed and the subsoil remain unresolved.

A High-level Working Group was established to develop a draft agreement on direct baselines, which has already held four meetings to finalize the document.

In general, Abdullahian noted the promotion of five-sided cooperation in the Caspian Sea within the framework of the implementation of the Caspian Convention, aimed at taking into account the interests of all the Caspian states, which should only benefit from cooperation.

According to the Iranian Foreign Minister, trade and transport, which were given special attention at the current ministerial meeting, are the drivers of growth, prosperity and progress of the Caspian countries.

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    The head of the Halk Maslahaty of Milli Gengesh of Turkmenistan, who is on a working visit to Moscow, accepted the invitation of the Chairman of the State Duma to participate in a meeting at which the parties will consider key issues of interregional cooperation, and noted the need to specify the formats of work between the Caspian countries.

    It is expected that the meeting of the heads of parliaments of the Caspian region will be held in Baku in 2023.

    Gurbanguly Berdimuhamedov, in turn, invited Vyacheslav Volodin to take part in the groundbreaking ceremony of the new Turkmen-Russian University in Ashgabat in 2023.

    "We would be happy to lay the foundation of a new university together with you next year. Here we need your help in studying legal issues, as well as what faculties, directions, specialties are needed," the chairman of the upper chamber of the Turkmen parliament said. Vyacheslav Volodin accepted the invitation, the website of the State Duma reports.

  • The joint market "Gaudan-Bajigiran" has resumed its work on the Turkmen-Iranian border

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  • VII Caspian Summit to be held in Iran

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    It was attended by President of Turkmenistan Serdar Berdimuhamedov, President of Azerbaijan Ilham Aliyev, President of Iran Ebrahim Raisi, President of Kazakhstan Kassym-Zhomart Tokayev, President of the Russian Federation Vladimir Putin.

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  • The results of the VI Caspian Summit are summarized in a press statement

    The results of the VI Caspian Summit, held in Ashgabat on Wednesday, June 29, were announced in a press statement made by Deputy Prime Minister, Minister of Foreign Affairs of Turkmenistan Rashid Meredov.

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    A detailed and interested exchange of views took place on the main issues of the five-sided cooperation in the Caspian Sea. The implementation of previous decisions and agreements was analyzed and the directions and priorities of further joint work were determined.

    The heads of the Caspian littoral States reaffirmed their commitment to ensuring lasting peace, stability and security in the region, combining efforts and potentials to implement confidence-building measures in the Caspian Sea, and creating a comprehensive political and legal framework for this.

    The Presidents of Turkmenistan, Azerbaijan, Iran, Kazakhstan and Russia are united in ensuring that in the conditions of the current global turbulence, the region is reliably guaranteed from its consequences and impact, being an example of good neighborliness, mutual understanding and development. "The responsibility for this lies entirely with our countries - it is common, integral, indivisible and cannot be delegated outside the Caspian states," Meredov said.

    In this context, they reaffirmed their determination to continue close coordination of efforts in the fight against terrorist threats in the Caspian Sea, drug trafficking, organized crime, and other types of illegal activities. The position of the countries here is united and uncompromising.

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    Currently, the Caspian countries are making efforts to build port infrastructure, create logistics chains of communication, schemes of mutually beneficial partnership in the energy sector. And this work will be given priority.

    According to the Minister, the summit stressed the need to develop and expand trade relations between the coastal states, increase trade turnover, and closer industrial cooperation. It was noted that Turkmenistan made a proposal today to establish the Council of Business Cooperation of the Caspian States as an independent platform for doing business, entrepreneurial initiatives.

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