On August 11-12, 2019, the First Caspian Economic Forum was held in Turkmenbashi city, Turkmenistan.
Various international events were organized in the framework of the Forum, on the outcomes of which the following was stated:
The role of the Convention on the Legal Status of the Caspian Sea signed by the Heads of States of Azerbaijan, Iran, Kazakhstan, the Russian Federation and Turkmenistan on the results of the Fifth Caspian Summit held in the city of Aktau, Kazakhstan on August 12, 2019 which creates the conditions for the advancement of cooperation between the Caspian region to a qualitatively new partnership level was underlined;
Recognized that the Agreement between the Governments of the Caspian Littoral States on Trade-Economic Cooperation and the Agreement between the Caspian Littoral States on Cooperation in the field of Transport contribute to further strengthening and development of collaboration between the littoral states in the economic sphere;
Noted that the Caspian Economic Forum platform can become a vital form of cooperation aimed at providing economic growth in the region and beyond its borders;
The necessityof increasing the potential in the area of trade and investment policy, as well as easing the trade process and export supplies potential for the benefit of trade and investments in the Caspian region is highlighted;
It is recognized that the countries of the Caspian region and all the stakeholders, including the private sector, associations and academic circles can maintain active dialogue on the issues of leading practice and measures related to the implementation of goals for ensuring development of economic contacts;
The significance of active participation and assistance on the part of international and financial institutions in the development of international economic cooperation in the Caspian was stated;
The need to unite the efforts for the attainment of considerable potential of the Caspian littoral states’ economic sectors was accepted;
Based on the above-mentioned, the implementation of the following actions is recommended:
- Take the necessary steps for the enhancement of attractiveness of the Caspian littoral states’ economies with the aim of further active integration of the Caspian region in the international economic space.
- Encourage the attraction of investments and stimulate innovations in the energy, industry, transport, trade and other spheres of the Caspian littoral states’ economies.
- Ensure further strengthening of regional cooperation in such areas as social and economic development, environment protection, science and innovations, exchange of economic information.
- Strengthen cooperation and coordination between the Caspian region and the United Nations’ system, including the regional UN commissions.
- Hold the Caspian Economic Forums on regular basis in the littoral cities of the Caspian states.
The participants of the Forum expressed gratitude to the Government of Turkmenistan for high-level organization of the Frist Caspian Economic Forum and hospitality shown.
Turkmenbashi city, Turkmenistan
August 12, 2019
As part of the First Caspian Economic Forum, Avaza has hosted a meeting of representatives of sectoral agencies of the Republic of Azerbaijan, the Islamic Republic of Iran, the Republic of Kazakhstan, the Russian Federation, and Turkmenistan - the parties to the Agreement between the Governments of the littoral Caspian nations on trade-economic cooperation, signed at the Fifth Caspian Summit in Aktau in 2018.
As noted, given the existing global geopolitical context, a mechanism for regional cooperation is attaining greater importance and topicality not only as an instrument for deepening economic interaction, but also as a key factor in ensuring sustainable development.
The heads of the visiting foreign delegations highlighted that the constructive cooperation among the coastal nations aims at combining efforts in order to accomplish the objectives. In the present era, the Caspian Sea has an increasingly important role to play in the global geopolitical and geo-economic landscape. Expanding steadily the full regional cooperation is entirely consistent with the five coastal countries’ policies.
The countries have adopted a ‘stability through common development’ approach as an optimal form of partnership that reflects economic needs of each Caspian Sea nation. In this context, it was noted that the forum is well timed taking place at exactly the right moment.
The participants shared an opinion that coordinated efforts are today taking on particular significance for macroregional cooperation. Special emphasis was placed on the importance of the Convention on the Legal Status of the Caspian Sea, signed at the Fifth Caspian Summit in August 2018. The real value of this international treaty, which has become a strategically vital step in promoting economic development in the Caspian Sea, lies in the fact that it provides the legal groundwork for enhancing cooperation in different areas.
Speakers at the meeting highlighted that dealing with the pressing issues on the agenda would help to identify areas of common interest to further strengthen the mutually profitable relations. On the whole, further partnership between the region’s countries offers real prospects for maintaining rapid sustainable development and their integration into the world economy.
Amid growing competition in the foreign and domestic markets, the littoral countries’ considerable industrial and investment potential should be used to cement cooperation in tackling burning issues. Exchanging their views on the possibilities of boosting the constructive contacts, the heads of the delegations expressed satisfaction with the states’ mutual desire to step up economic relations, and create effective mechanisms for cooperation to make the Caspian Sea region an area of integrated partnership on an equitable and long-term basis with an investment-friendly climate. In this context, the parties spoke for implementing interstate programs and projects.
Those speaking from the Turkmen side stressed that the development of international ties in investment activities contributes to fulfilling our country’s versatile potential. Willingness of foreign investors to invest heavily in the national economy, which boasts good performance indicators, testifies to great trust placed in our country as a reliable, responsible and reputable partner that has enormous potential. In this regard, the sides discussed potentialities of creating joint enterprises.
In the course of the meeting, special attention was given to sharing knowledge and expertise on establishing and developing special free economic zones that have become an integral part of world economic relations today. The speakers emphasized that creation of free economic zones will boost competitiveness of the national economies, enhance export possibilities of the littoral states, and, eventually, bring prosperity and well-being to the nations.
The digital economy was named as a key area of cooperation. The sector is identified as a top priority and main focus of the coastal countries’ state policies. As noted, in this day and age, it is impossible to imagine living without information technologies that have changed, facilitated and improved activities in different spheres, having opened up new market possibilities.
Digital infrastructure and advances in computer technologies create huge potential in the field of information systems, accelerating their widespread adoption in economic life, and forming the bedrock of the digital economy. In this respect, the meeting attendees considered implementing joint action plans in the sector. This will encourage the countries’ business and investment activities, helping to build up productive relationships.
The parties also recognized the advisability of sharing legislative acts, national standards, regulations and statistical data on trade-economic issues, having proposed to work out new agreements. The meeting also addressed the need to simplify visa procedures as this would bring benefits and stimulate the region’s economic development in the long run.
The state news agency of Turkmenistan
President of Turkmenistan and Heads of Government of Caspian Forum Participating Countries Attend Festive Concert as Guests of Honor
The Avaza National Tourist Zone has hosted a gala concert featuring Turkmen and foreign artists. The grand event was a rousing finale to the First Caspian Economic Forum.
President Gurbanguly Berdimuhamedov, the heads of government participating in the Forum and numerous foreign visitors attended the spectacular performance as the guests of honor.
Famous folk and pop singers and musicians demonstrated their musical prowess one after another. Turkmen and foreign artists took turns to perform on stage.
The audience applauded and cheered loudly, welcoming Russian pop singers, who had participated in many prestigious international music festivals and competitions – Honored Artist of the Russian Federation Zara, Sergey Lazarev, Nyusha, and Olga Shultays, better known as V’OLGA.
The concert also featured well-known pop singer, musician and Honored Artist of the Republic of Azerbaijan Rashad Ilyasov and his fellow countrywoman, singer Samira Efendieva. Accomplished singer Adilkhan Makin, whose fame has spread far beyond his native country and young singer Aygerim Altynbek represented Kazakhstan. Majid Akhshabi and Hamed Mahzarnia were pop singers from Iran. The Astrakhan State Song and Dance Ensemble delighted the audience with its lively and energetic songs and dances.
The crowning moment of the concert came with the ancient dance Kushtdepdi performed by Dekhistan Folk Group and our foreign guests, who appeared on the stage dressed in Turkmen national costumes. The festive evening of music culminated in a dazzling fireworks display.
The state news agency of Turkmenistan
The Congress centre of Avaza National tourist zone hosted the First Caspian Economic Forum with participation of President of Turkmenistan Gurbanguly Berdimuhamedov.
The agenda of the Forum included broad range of current issues related to the activation of fruitful cooperation of the coastal countries and all interested foreign partners.
It is symbolically that the day of the current forum fell on the Day of Caspian Sea, which is traditionally observed on August 12. Prime Ministers of the Republic of Azerbaijan Novruz Mamedov, First Vice-president of the Islamic Republic of Iran Eshaq Jahangiri, Prime Minister of the Republic of Kazakhstan Askar Mamin, Prime Minister of the Russian Federation Dmitry Medvedev as well as Prime Minister of the Republic of Uzbekistan Abdulla Aripov and Prime Minister of the Republic of Bulgaria Boyko Borisov were among the participants of the forum. President of the Republic of Tatarstan, Russian Federation Rustam Minnikhanov has also taken part in the session of the forum as an honoured guest.
The forum united the delegations from different countries of the world, heads and representatives of competent international organizations including the United Nations and its leading structures, the Commonwealth of Independent States, Shanghai Cooperation Organization, Economic Cooperation Organization, International Federation of Freight Forwarders Associations, International Road Transport Union and other as well as many big financial and banking structures. Heads of diplomatic missions accredited in our country were among the participants.
Members of the Government, heads and representatives of ministries and profile departments and other relative structures participate in the work of the forum from Turkmen side.
In the morning, President of Turkmenistan Gurbanguly Berdimuhamedov went to the Avaza Congress Centre.
Upon arrival, the Head of the State was met by the members of the Government of the country. after, Prime Ministers of the Russian Federation Dmitry Medvedev came to the Congress Centre. Warmly welcoming high-rank Russian guest, the Head of the State highlighted that he is glad to see him in hospitable Turkmen land.
Having expressed the gratitude to the President of Turkmenistan for cordial welcome, high-rank guest stated with delight the entry of international relations to new level, having confirmed invariable commitment of Russia to further development of bilateral cooperation. Having noted that new AURUS vehicle of Russian make has been presented at the International Türkmen sährasy – 2019 Motor Review under the First Caspian Economic Forum, the Head of the Government of RF told to Turkmen leader about its main features. Having familiarized with special features of the vehicle, the Head of the State noted that it is necessary to have a talk on procurement of these vehicles for our country.
After, the President of Turkmenistan and Prime Minister of the Russian Federation went to the building of the Congress Centre where President Gurbanguly Berdimuhamedov warmly welcomed high-rank guests who came to the First Caspian Economic Forum.
After traditional photographing at the background of official banner of the forum, the head of Turkmen State and high-rank guests went to the Conference hall and took their honoured places.
The floor is given to the President of Turkmenistan. Greeting the participants, Head of the State Gurbanguly Berdimuhamedov expressed the gratitude to all for accepting the invitation to take part in the work of the First Caspian Economic Forum.
Turkmen leader noted that Prime Ministers of Caspian and other states, representatives from dozens of countries representing the most various spheres of activity – politicians, diplomats, businessmen, ecologists, scientists and journalists, have gathered at the forum.
Caspian Sea is a unique natural complex with its own ecosystem, which requires scientific studies in natural protection sphere. Proposing the idea of Caspian Economic Forum, Turkmenistan took into account all these factors, creation of conditions for joint work by establishment of wide, permanent platform of cooperation with participation of the states, international organizations, business structures and scientific centres, the Head of the State said.
The President of Turkmenistan noted that various aspects of Caspian agenda would be discussed during coming work. The name of the forum itself, an economic one, understands special emphasis on economic, trade, investment, innovations and technologies subject.
Today, we have to focus on solution of current practical objectives of common Caspian development, the Head of the State highlighted, having outlined the attaching of powerful creative impulses to cooperation in energy sphere among the most important objectives. Big reserves of hydrocarbon materials in Caspian offshore and coastal territories are able to give strong energy impulse for dynamic and qualitative growth of national economies of coastal as well as neighbouring states, to provide the conditions for opening of new production facilities, construction of industrial objects. The energy of Caspian Sea has to become the base for dynamic development of the economy of the region.
The President continued that Caspian Sea is located on the intersection of continental routes. Territory of Caspian states, which are located close to each other, have direct access to South Asia and Asian Pacific in the east, Black and Mediterranean Sea in the west, to Middle and Near East via Iran in the south, to Baltic Sea across Russia and further to the north. Such configuration opens perspectives for creation of stable routes in all main geographic azimuths. However, for their proper operation, Caspian states have to establish good system of transport communication between themselves, to build modern port infrastructure and provide an efficient logistics.
In this context, arrangement of efficient trade relations of Caspian region with external markets receives special importance. The President highlighted that he is confident that we have something to offer to the world. These relations have to be stable, free from politicization and unfair competition, to work on clear and transparent principles. In these case, it is necessary to work more actively with the UN Economic Commission for Europe, the UN Economic and Social Committee for Asia and Pacific, the World Trade Organization and other specialized international structures, to perform on their fields from common and agreed positions. It is also appropriate to study positive practice of work of number of regional international organizations like Economic Cooperation Organization, Shanghai Cooperation Organization, Commonwealth of Independent States.
Rely on science and intellect is a decisive condition of success of economic development of Caspian Sea, its integration into the world economy as competitive and perspective member. Rapid technological breakthrough, which is observed today, changes usual image of geo-economics, quality and level of management solutions, content of global economic processes. To merge into these trends and, moreover, to influence them in our region are the objective, which has to be thought as one of the priorities of Caspian development, the President of Turkmenistan noted.
It is necessary to pay the utmost attention to creation of systematic and technological components, having allocated necessary resources and mobilized intellectual and organizational potential, Turkmen leader highlighted. We have to fill our cooperation with innovative thoughts that these are the one, which would outline the vectors of future development of the region, its economy and social sphere.
As the first step, the Head of the State spoke of the appropriateness to form up real base ground for technological and innovative start, having proposed to establish an international innovative and technological centre, which could be referred as to Caspian Innovative City.
President Gurbanguly Berdimuhamedov highlighted that all our activity in Caspian Sea has to be based on scientific studies and followed by technological developments. The Head of the State also spoke for the necessity of foundation of Digital Economy cluster under Caspian Innovative City. This is important as a groundwork for the future, which provides digitization of activity of the main spheres of economy of Caspian states.
Special role is given to science and to protection of ecological balance of Caspian Sea, to unique bio diversity of sea. In this regards, the Head of the State noted that we stand for establishment of new Caspian ecological programme as a complex of natural protection measures aimed at protection and rational use of rich natural resources of Caspian Sea. At the same time, this Programme could be able to monitor ecological situation in Caspian Sea and to make special recommendations to the Governments of coastal states.
Addressing the participants, President Gurbanguly Berdimuhamedov noted that speaking of the future of Caspian Sea, Turkmenistan sees it in the context of the future of entire planet and coordinates its work with the activity of the United Nations for fulfilment of the Sustainable Development Goals. We see Caspian Sea, both in geographic as well as social and economic aspect, as one of the directions of the UN Strategy until 2030. Stability of the economy, energy security, ecological balance are the foundations of common Caspian home, the head of the State highlighted.
We would like to see Caspian Sea as a space of cooperation, development, prosperity, free of conflicts and confrontations, place of unification of the energy of the states, international organizations, business, scientific and technological potentials. This is us who outline strategic perspective calling it a model of future for Caspian Sea, the Head of the State said.
The speech of the Head of the State has been listened with keen interest and attention and welcomed by loud applauses.
After, the floor was given to high-rank guests – heads of the delegations of Caspian states.
In his speech, Prime Minister of the Republic of Azerbaijan Novruz Mamedov expressed deep gratitude to Turkmen leader for hospitality and high level of organization of the First Caspian Economic Forum. It was highlighted that Azerbaijan welcomes the initiative of the President of Turkmenistan on the CEF, which would be new format of activation of cooperation between coastal states.
After signing of the Convention on Legal Status of Caspian Sea, the issue of economic development of Caspian region received special currency. Azerbaijan thinks that Caspian Economic Forum will give additional impulse to cooperation in trade, spheres of transport, industry, energy, investments, tourism and other fields, - high-rank guest noted.
The Prime Minister of the republic of Azerbaijan defined the creation and development of international and regional transport corridors as one of the main factors, which play an important role in improvement of efficiency of the economy of the region.
Caspian Sea is an important consolidating factor supporting the intensification of the cooperation between coastal states, Mr Novruz Mamedov said, having expressed the confidence that Caspian Economic Forum would be an actual ground for discussion of current issues of the partnership, would open rich potential of the region and would bring the result for common sake.
After, the floor was given to First Vice-president of the Islamic Republic of Iran Eshaq Jahangiri. It was highlighted that August 12 is the Day of Caspian Sea, a remarkable date for all Caspian states. Signing of the Convention on Legal Status of Caspian Sea on that day in 2018 has become an important historical milestone in multilateral relations, strengthening of the partnership between coastal states.
The adoption of the Convention made good perspectives and opportunities for cooperation in all spheres, which are necessary to use, Mr Eshaq Jahangiri said. In this regard, the fact that implementation of different programs and projects would support the realization of economic, trade and production potential of the countries has been noted.
The First Vice-president of the IRI spoke for the expansion of trade and economic relations in the region, which requires an improvement of relative legal bases. At the same time, the willingness of Iran to provide its transport and transit infrastructure to the regions has been confirmed.
Having confirmed the commitment of Iran to development of productive cooperation in trade and economic, industrial and investment spheres especially with the neighbours in Caspian Sea, the First Vice-president of the IRI expressed deep gratitude to the President of Turkmenistan for cordial welcome and invitation to the Forum, which importance goes far beyond the borders of the region.
Prime Minister of the Republic of Kazakhstan Askar Mamin who spoke after, expressed the gratitude to Turkmen leader for the hospitality and highlighted that significant and not yet implemented potential of Caspian region gives broad opportunities for activation of efficient cooperation in perspective directions. For this purpose, high-rank guest made a proposal on taking of number of joint measures in trade and economic and investment spheres, transport section, energy and ecological areas.
Speaking of the first direction, Mr Askar Mamin noted that economic development is closely related to the expansion of investment potential. In this case, the states of the region would be able to become a point of attraction of foreign investments. It is necessary to focus the efforts on creation of favourable ecosystem and to organize permanent exchange of best practices, to activate work for provision of financial services. In this regard, Kazakhstan side proposes to use the capabilities of Astana International Financial Centre.
At the same time, joint work of five coastal states is required for qualitative provision of transport services, attraction of direct foreign investments, mechanisms of government and private partnership and implementation of new technologies. In this regard, it is suggested to take necessary measures, which would support the development of Caspian international corridors and transformation of the region into big transport and logistic centre.
High-rank guest has also outlined tourism industry among priority vectors of cooperation. Having highlighted the subject of the partnership in energy sector, Mr Askar Mamin made proposal on consolidation of efforts for efficient implementation of available potential including for use of alternative sources of energy as well as for development of coordinated policy and strategy in this sphere. High-ranking guest has also spoken for the improvement of ecological collaboration under strategic initiative of sustainable Caspian Sea.
After, the floor was given to Prime Minister of the Russian Federation Dmitry Medvedev. The Head the Government of the Government of the RF highlighted that the Forum has special objective to supplement multilevel system of cooperation under Caspian Five with efficient and timely mechanism of business, trade and economic partnership, to strengthen important political solutions with specific beneficial projects including with participation of the third countries. This is a reason why guests and heads of the Governments representing other states participate in the forum as Caspian region has to be fully open for economic cooperation. Balanced internationally recognized legal base has already been formed for its development.
The high-rank guest said that Caspian region has always been the intersection of geopolitical and economic interests of many leading states, political and business circles, different ethnic groups and confessions and recently, has become one of the main regions of global policy. First of all, it is provided by its natural resources. Together with the countries of the Persian Gulf it forms so-called energy ellipse, which contain more than 70 percent of the world reserves of oil and 40 percent of natural gas. For Caspian states, this is a strategic advantage and one of the most important direction of cooperation.
Optimal transport infrastructure, high technology and safe production facilities, stimulating measures for investors, unique tourist production, this is the way Caspian region of XXI century has to look like. In this context, Prime Minister of Russian Federation confirmed the willingness of Russia to joint work in these directions.
Speaking of transport infrastructure, Caspian region is indeed an intersection of the world communications. Reliable and profitable transcontinental routes are very important for international trade, formation of big regional markets, - high-rank guest highlighted. Many things have been done for the last few years for development of transport and logistic potential of the region. The work on the project of five-side Agreement on Cooperation in the sphere of maritime transport is carried out. Its purpose is to create unified and competitive conditions of transit across Caspian Sea, Dmitry Medvedev said, having noted Russia pays specia attention to this subject.
Having stopped at the second direction of cooperation – the development of resource sectors, which have to become new points of growth in Caspian region, Russian Prime Minister stated the presence of wide opportunities of Caspian states for this, which is indicated by the Exhibition of innovative technologies held under the forum.
Continuing his speech, Mr Medvedev has focused on such important component of cooperation as ecology. The Prime Minister of the RF informed that Russia takes active measures for protection of biological resources Caspian Sea.
Having highlighted tourism sphere, which turns into one of the most important branches of global economy high-ranking guest highlighted that beautiful nature, richest history and culture, all of these allow Caspian region to take a deserving place among the most popular tourist directions. In the end of his speech, having highlighted consolidating factor of Caspian Sea for Europe and Asia, five Caspian states, their partners and people who live on its coasts, high-ranking guest invited everybody to Astrakhan where it is planned to hold the second Caspian Economic Forum.
After, the President of Turkmenistan and high ranking guest answered the questions.
One of the questions addressed to Prime Minister of the Republic of Azerbaijan Novruz Mammedov was about the cooperation in Caspian – Black Sea line and further measures for bringing the partnership in this direction to practical implementation.
Answering the question, the Head of the Government of neighbouring state highlighted its currency and importance, having expressed the opinion that all what was said has a purpose to develop such cooperation. In this aspect, the First Caspian Forum is the first step in this direction. The high-rank guest noted that there was an idea at one of his meeting with President of Turkmenistan Gurbanguly Berdimuhamedov that it is necessary to make a bridge across Caspian Sea and after that everything would be good.
As is known the Day of Caspian Sea is observed on August 1 every year. This is a day when the Framework Convention of Protection of Marine Environment of Caspian Sea, which was signed in Tehran on November 4, 2003, has entered into force. In this regard, the next question related to the main objectives of Caspian countries in ecological sphere was addressed to First Vice-president of the Islamic Republic of Iran Eshaq Jahangiri.
Answering the question, the Head of the IRI delegation highlighted that ecology of Caspian Sea, protection of its flora and fauna are very important subject, which Caspian states have to pay great attention.
After, President of Turkmenistan Gurbanguly Berdimuhamedov answered the question about the differences between the policy of our country on restoration of the Silk Road and the belt and Road Initiative project implemented by the Government of China, which are obviously based on common historical base.
The Head of the State noted that the Silk Road was a historically transcontinental route in all ages. Following this, we started to restore the Silk Road, Turkmen leader said, having noted that in his speech, he highlighted that it is necessary to modernize relative infrastructure in the context of modern realities.
Regarding the project of Chinese partners Belt and Road Initiative and policy of Turkmenistan on restoration of the Silk Road, these two economic strategies are required as they are to serve to prosperity and wealth of the nations of all our counties, the President noted.
The next question was addressed to Prime Minister of the Russian Federation Dmitry Medvedev. Historically, Caspian Sea played special role for Russia. Mainly, it was Caspian Sea where the establishment of Russian as a great Eurasian power has been going on. Today, this role is also important. In this regard, the issue was related to the evaluation of perspectives of Russian part of Caspian Sea.
Volga River and Caspian Sea are important arteries of Russia’s life and that is why, great attention is paid to this subject, Mr Dmitry Medvedev said. The programme of ecological improvement of Volga River, which is aimed at protection of its importance as a transport route and unique eco-basin, is under implementation. Of course, we hope that our efforts will be our contribution to total collection of Caspian development.
After, Prime Minister of the Republic of Kazakhstan Askar Mamin answered the question about the work for practical implementation of the Convention on Legal Status of Caspian Sea adopted in 2018.
The Head of the Government of Kazakhstan noted that indeed, signing of the above-mentioned Convention was held in Aktau one year ago. The work on Convention lasted for almost 25 years. At present time, Prime Minister Askar Mamin noted, ratification of the basic documents by all states is under completion. Three countries – Kazakhstan, Turkmenistan and Azerbaijan, have already ratified it. According to the Prime Minister of the RF, Russian plans to ratify the convention in this year. We also expect relative solutions of these issue from our Iranian friends, high-rank guest said.
At the same time, it was highlighted that the First Caspian Economic Forum and events under its framework are already practical implementation of the agreements.
After, the President of Turkmenistan and high-ranking guests left the hall.
On the same day, the Head of the State has number of bilateral meetings.
After, the First Caspian Economci Forum continued its work in the format of plenary session.
It started from the event that became the evidence of international recognition of the merits of Turkmenistan in such important sphere as modern world development as ecology and environment protection.
Unique event – ecological lesson with participation of 3,000 people organized by the Government of Turkmenistan, was held in Turkmenbashy on August 8. It was by right entered to the Guinness Record Book as the most mass event of ecological and educational direction.
In this regard, representative of the Guinness World Records Sheida Subashi Gemici awarded the Certificate of the “Biggest Lesson of Ecology was given by the Government of Turkmenistan in Turkmenbashy on August 8, 2019”.
After, plenary session was continued by the speeches of its participants, which included the United Nations Deputy Secretary General, Executive Secretary of the UN Economic Commission for Europe Olga Algayerova, Chairman of the Executive Committee – Executive Secretary of the Commonwealth of Independent States Sergey Lebedev, Secretary General of Shanghai Cooperation Organization Vladimir Norov, Secretary General of the Economic Cooperation Organization Hadi Soleymanpur, President of International Federation of freight Forwarding Associations Babar Badat, President of the International Road Transport Union Umberto de Pretto, Deputy General Director of the UNESCO, Executive Secretary of the UNESCO Intergovernmental Oceanography Committee Vladimir Ryabinin as well as Deputy Prime Minister of the Kyrgyz Republic Zamirbek Askarov, Acting Governor of Astrakhan Region, Russian Federation Igor Babushkin, Acting Head of the Kalmyk Republic, Russian Federation Batu Hasikov, Deputy Head of the State Energy Department of the People’s Republic Of China Li Fangrong.
Practical importance of the First Caspian Economic Forum, which is to make solid foundation for development of broad international cooperation in Caspian basin, to become an efficient ground for discussion of joint projects and programme has been highlighted. As a fact, this is about the formation of integrated strategy of cooperation with participation of the states, international organizations, business structures and scientific circles.
During plenary session, priority directions of beneficial partnership including trade and economic sphere, transport and communication sector, energy, industry, business relations were the subjects of interested discussion. It was noted that strategic importance of Caspian Sea and this region in regional, interregional and global geopolitical processes, its role as an important transit, transport and logistic hub provide the necessity of activation of productive cooperation on long-term basis.
In the afternoon, the First Caspian Economic Forum was continued in the format of topical sessions “Trade and Economic Cooperation in Caspian Region”, “Energy Potential of Caspian Sea”, “Development of Industry in Caspian Region”, “Green Economy for Caspian Sea”, Cooperation in the Sphere of Scientific Studies in Caspian Sea”.
The state news agency of Turkmenistan