Policy Brief No. 24
- CategoryPolicy Brief
- YearMarch 2012
- AuthorSergiu Celac,Tedo Japaridze,David Kereselidze,Zefi Dimadama and Ilias Roubanis
"Building a Sustainable Future for the Black Sea area: New Perspectives & Challenges for B.S.E.C."
In accordance with the recent developments, the financial and economic crisis proved to have profound and long-lasting implications for the Black Sea area. Under these circumstances the Organization of the Black Sea Economic Cooperation (BSEC), a multilateral political and economic initiative which aims at the promotion of stability, prosperity and good-neighbourly relations in the region, had to acquire an attractive, feasible, prospect and renewed intellectual effort, in order to forward revised priorities for the countries of the Black Sea region in the difficult years to come. The strengths, weaknesses, opportunities and threats set the framework for the BSEC to enter a new phase with an overarching strategic approach under the concept of sustainable development.
The priority areas which were defined by the BSEC Economic Agenda for
the Future of 2001 here are revised and enhanced with twenty years of experience. Trade, energy, transport, environment, science and innovation, good governance, EU partnership are some of the significant areas for regional cooperation and the main thrust of the BSEC activities.