Xenophon Paper 2 pdf - ICBSS
Xenophon Paper 2 pdf - ICBSS
Xenophon Paper 2 pdf - ICBSS
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Strategically important transport projects, which foresee the linkage of national energy<br />
systems among countries of the Black Sea into a single ring, thus forming a system of<br />
regional transmission, are currently under development within the framework of the<br />
BSEC. These projects will assist the development of cooperation between economic<br />
groups of Europe and Asia (e.g. EU, BSEC, EurAsEU, etc.).<br />
At the end of 2006, a Memorandum of Understanding between the BSEC and Eurasian<br />
Economic Union (EurAsEU) was signed. Similar memoranda were signed with the World<br />
Bank and specialised agencies of the United Nations system. New horizons are expected<br />
from the European Union as a result of the much awaited Black Sea strategy 16 that should<br />
be in the same line with existing strategies directed at the Baltic or the Mediterranean regions.<br />
The chief structure in the domain of regional security in the BSEC region should be the<br />
Organisation for Security and Cooperation in Europe (OSCE). The BSEC countries<br />
should concentrate their efforts in the sphere of regional security through achieving<br />
economic security, reinforcing cooperation on humanitarian issues, strengthening the<br />
fight against organised crime and illegal drug trafficking, and strictly preventing smuggling<br />
and trade of weapons and radioactive materials. Further security issues affecting the region<br />
are illegal migration, marine piracy and smuggling in and through the Black Sea,<br />
economic, transport and communications security as well as the threat to democratic<br />
values. Future trends could include the development of relations between the BSEC<br />
and GUAM. All of the members of GUAM are also members of the BSEC, which could<br />
potentially significantly add to the building of more harmonious economic relations<br />
between the GUAM states and such regional leaders as Turkey and Russia. The most<br />
promising means to establish cooperation between the two organisations could entail<br />
projects, which have been already realised by GUAM on issues of soft security, trade<br />
and traffic facilitation.<br />
Therefore when taking into account both boons and weaknesses in the BSEC’s overall<br />
performance combined with the possibility of establishing a future cooperation with<br />
other regional organisations, it is possible to highlight the main priorities for the BSEC<br />
in the short and middle term.<br />
I) Defining priorities of cooperation within the BSEC framework shared by the majority<br />
of the BSEC member states;<br />
II) Developing special projects for the implementation of the agreed fields of priority<br />
for cooperation and ensuring their proper financing;<br />
III) Forming credit pools and opening new credit lines for financing large scale projects<br />
concerning the development of trade and infrastructure;<br />
16 Commission of the European Communities (2007), ‘Black Sea Synergy - A New Regional Approach’,<br />
Communication to the Council and the European Parloament, COM (2007), Brussels, 11 April.<br />
154 UNFOLDING THE BLACK SEA ECONOMIC COOPERATION VIEWS FROM THE REGION