Romanian BSEC Chairmanship-in-Office




The Black Sea Economic Cooperation (BSEC) is a regional organization whose principles and objectives seek to develop and diversify bilateral and multilateral economic cooperation on the basis of the principles and rules of international law.

In achieving these objectives, BSEC is committed to act for improving the business environment and for promoting individual and collective initiatives of the enterprises and companies directly involved in the process of economic cooperation.

Romania recognizes and supports the undeniable political features of the Organization. A sound economic cooperation and continuous dialogue, including on the political tier, creates solid ground for BSEC Member States and beyond.  

Good neighborly relations as well as mutual confidence, dialogue and cooperation among the Member States are key elements for BSEC.

The wider Black Sea area has huge economic and human potential, which put to use efficiently can also help overcoming the effects of the current economic international situation.  

In addition to the strategic positioning of its Member State, the Black Sea area is a hub for transportation corridors, trade and commerce routes. The region holds rich natural resources, including energy.

These arguments explain the increased international focus on the region.

BSEC was among the first initiatives launched in the Black Sea region, on 25 June 1992, when the Heads of States and Governments of eleven countries – Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Republic of Moldova, Romania, Russia, Turkey and Ukraine – signed the “Istanbul Declaration” and launched the BSEC Initiative.

With the entry into force of its Charter, on 1 May 1999, BSEC became a full-fledged regional economic organization. It has become the most representative and institutionally-developed organization of the States in the wider Black Sea region, which includes also States in the Balkkans and Caucasus, covering an area of nearly 20 million square kilometers.

In addition to its statutory economic mission, BSEC offers a useful platform for meetings and consultations, at various levels. These meetings and consultations naturally bring a distinct, implicit, BSEC contribution to processes of confidence building in the region.

As one of the three European Union Member States in the Black Sea region and as a founding Member State of BSEC, Romania’s main aim in exercising its Chairmanship-in-Office, grounded on the statutory documents, is to enhance the cooperation and dialogue within the Organization, with the twin purpose to strengthen and increase the economic cooperation and to make a positive impact on the relations among Governments of all its Member States.

Prior to the current Chairmanship-in-Office (CiO) which will be exercised between January and June 2011, Romania held a similar position in 1996, 2000, 2006.

Romania’s overriding theme of its involvement in BSEC has traditionally been and will continue to be full-fledged participation in economic projects which have a multiplying effect and bring quantifiable added value to all the dimensions of BSEC activities and for all its Member States.