Future Trends in Caspian Littoral States Five-Side Economic Cooperation

Until lately economic relations of Caspian littoral states were mainly developed on bilateral basis. Level of five-lateral cooperation evidently because of various reasons didn’t matchthe intensity in political dialogue and dynamics of communication in different other segments.Focus on oil and gas s...

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Main Author: Alexandra V. Kachalova
Format: Article
Language:Russian
Published: Centre of Regional Research 2019-08-01
Series:Проблемы постсоветского пространства
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Online Access:https://www.postsovietarea.com/jour/article/view/197
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author Alexandra V. Kachalova
author_facet Alexandra V. Kachalova
author_sort Alexandra V. Kachalova
collection DOAJ
description Until lately economic relations of Caspian littoral states were mainly developed on bilateral basis. Level of five-lateral cooperation evidently because of various reasons didn’t matchthe intensity in political dialogue and dynamics of communication in different other segments.Focus on oil and gas sector and aspiration for separation were dominating. Still possible formatsof All-Caspian interaction have been discussed since the Second Caspian Summit 2007. Whileexperience of successful co-working and mutual trust were growing, with new priorities in economic development set (first of all - transport and infrastructure) the Caspian Littoral States started seeking for a suitable common platform. A new chapter for the “Caspian Five” in this segmentwas open with the Convention on the Legal Status of the Caspian Sea signed at the highest levelin August 2018, as well as intergovermental Agreements on cooperation in trade, economic andtransport fields. Decision to organize the first Caspian Economic Forum in Turkmenistan on August, 12 this year under participation of governments’ members and business delegations of thelittoral states is significant. Cooperation in this format can bring a good synergy.
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series Проблемы постсоветского пространства
spelling doaj-art-d94e6372dc90436dbc0796cfd5dfd5ad2025-08-04T12:53:29ZrusCentre of Regional ResearchПроблемы постсоветского пространства2313-89202587-81742019-08-016216517410.24975/2313-8920-2019-6-2-165-174186Future Trends in Caspian Littoral States Five-Side Economic CooperationAlexandra V. Kachalova0Foreign Ministry of the Russian FederationUntil lately economic relations of Caspian littoral states were mainly developed on bilateral basis. Level of five-lateral cooperation evidently because of various reasons didn’t matchthe intensity in political dialogue and dynamics of communication in different other segments.Focus on oil and gas sector and aspiration for separation were dominating. Still possible formatsof All-Caspian interaction have been discussed since the Second Caspian Summit 2007. Whileexperience of successful co-working and mutual trust were growing, with new priorities in economic development set (first of all - transport and infrastructure) the Caspian Littoral States started seeking for a suitable common platform. A new chapter for the “Caspian Five” in this segmentwas open with the Convention on the Legal Status of the Caspian Sea signed at the highest levelin August 2018, as well as intergovermental Agreements on cooperation in trade, economic andtransport fields. Decision to organize the first Caspian Economic Forum in Turkmenistan on August, 12 this year under participation of governments’ members and business delegations of thelittoral states is significant. Cooperation in this format can bring a good synergy.https://www.postsovietarea.com/jour/article/view/197caspian searussiacaspian littoral statescaspian forumtrade and economic cooperationinfrastructuretransport
spellingShingle Alexandra V. Kachalova
Future Trends in Caspian Littoral States Five-Side Economic Cooperation
Проблемы постсоветского пространства
caspian sea
russia
caspian littoral states
caspian forum
trade and economic cooperation
infrastructure
transport
title Future Trends in Caspian Littoral States Five-Side Economic Cooperation
title_full Future Trends in Caspian Littoral States Five-Side Economic Cooperation
title_fullStr Future Trends in Caspian Littoral States Five-Side Economic Cooperation
title_full_unstemmed Future Trends in Caspian Littoral States Five-Side Economic Cooperation
title_short Future Trends in Caspian Littoral States Five-Side Economic Cooperation
title_sort future trends in caspian littoral states five side economic cooperation
topic caspian sea
russia
caspian littoral states
caspian forum
trade and economic cooperation
infrastructure
transport
url https://www.postsovietarea.com/jour/article/view/197
work_keys_str_mv AT alexandravkachalova futuretrendsincaspianlittoralstatesfivesideeconomiccooperation