What is Black Sea Economic Cooperation Zone (BSEC)?
Black Sea Economic Cooperation Zone (BSEC) meaning
| established – 25 June 1992|
aim – to enhance regional stability through economic cooperation
members – (12) Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Serbia, Turkey, Ukraine; note – Macedonia is in the process of joining
observers – (17) Austria, Belarus, Black Sea Commission, EU, Croatia, Czech Republic, Egypt, Energy Charter Secretariat, France, Germany, International Black Sea Club, Israel, Italy, Poland, Slovakia, Tunisia, US; note – Bosnia and Herzegovina and Slovenia have applied for observer status
reference: The World Factbook 2017. Washington, DC: Central Intelligence Agency, 2017. https://www.cia.gov/library/publications/the-world-factbook/index.html