The first Caspian economic forum will be held in Avaza in August 2019

The first Caspian economic forum is planned to be held on August 12, 2019 in the national tourist zone "Avaza" on the Turkmen coast, when the Day of the Caspian sea is traditionally celebrated. This was reported by ViceChairman, Minister of Foreign affairs of Turkmenistan Rashid Meredov at the government meeting held last Friday.

Reporting to the President on the preparations for the first Caspian economic forum in Turkmenistan, the ViceChairman also said that an organizing Committee had been established for this purpose, at the first meeting of which key organizational issues had been considered and a number of proposals had been prepared, including the date and venue of the Forum.

For comprehensive preparation for the upcoming Caspian Forum, it is also proposed to create a coordination center in the Ministry of Foreign affairs of Turkmenistan. In this context, the draft concept of the Forum was presented to the President for consideration.

As Gurbanguly Berdimuhamedov stressed during the meeting, the development of cooperation with the countries of the Caspian region is one of the priority vectors of Turkmenistan's foreign policy. The strategic importance of the Caspian sea in regional and interregional geopolitical and geoeconomic processes, its role as an important transittransport and logistics hub necessitate further joint efforts of the Caspian States.

The decision to hold the first Caspian economic forum in Turkmenistan in 2019 was taken on the initiative of Ashgabat in the final Communique of the V Summit of the heads of Caspian States, held on August 12, 2018 in Aktau (Kazakhstan). At the same time, the heads of the Caspian States signed the Convention on the legal status of the Caspian sea, which opens wide opportunities for the implementation of new investment projects in the Caspian.

Source: NebitGaz