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Georgian Foreign Ministry: Differences in BSEC impede development of successful economic cooperation

Business Materials 17 December 2012 09:46 (UTC +04:00)
Conflicts and political differences existing in BSEC impede the development of successful economic cooperation, head of the Georgian delegation, Foreign Minister of Georgia Maia Panjikidze said in her speech at the meeting of the Council of Foreign Ministers of the Organization of the Black Sea Economic Cooperation (BSEC).
Georgian Foreign Ministry: Differences in BSEC impede development of successful economic cooperation

Georgia, Tbilisi, Dec.17 / Trend, N. Kirtskhalia /

Conflicts and political differences existing in BSEC impede the development of successful economic cooperation, head of the Georgian delegation, Foreign Minister of Georgia Maia Panjikidze said in her speech at the meeting of the Council of Foreign Ministers of the Organization of the Black Sea Economic Cooperation (BSEC).

The meeting of the BSEC Council of Foreign Ministers was held in Istanbul.

As Georgian Foreign Ministry told Trend, Panjikidze stressed that conflicts and political differences existing in BSEC impede the development of successful economic cooperation. In this regard, she expressed hope that the BSEC will focus on addressing political differences that exist between the BSEC member countries.

In her speech, Panjikidze stressed the role of the BSEC in deepening economic cooperation in the region. She focused on the need to deepen trade relations, which is a prerequisite for successful regional economic cooperation.

The Council of Ministers considered the course of execution of the document to update the future economic agenda, activities of the various BSEC working groups, renewal of BSEC observer status and financial issues, as well as cooperation of the BSEC and the EU.

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