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Organization of the Black Sea Economic Cooperation (BSEC)

Established: As the Black Sea Economic Cooperation by political declaration signed by representatives of 11 states June 24–25, 1992, in Istanbul, Turkey; formalized as the Organization of the Black Sea Economic Cooperation by legally binding charter signed June 5, 1998, in Yalta, Ukraine, effective May 1, 1999, following requisite ratifications.

Purpose: To promote bilateral and multilateral cooperation, particularly in economic matters.

Headquarters: Istanbul, Turkey.

Principal Organs: Council of Foreign Ministers, Committee of Senior Officials, Parliamentary Assembly, Permanent International Secretariat.

Web site: www.bsec-organization.org

Secretary General: Leonidas Chrysanthopoulos (Greece).

Membership (12): Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Serbia, Turkey, Ukraine.

Observer States (13): Austria, Belarus, Croatia, Czech Republic, Egypt, France, Germany, Israel, Italy, Poland, Slovakia, Tunisia, United States.

Origin and development. The formation of an economic grouping of the nations ...

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