Organization of the Black Sea Economic Cooperation—BSEC
Year: 2021

The Black Sea Economic Cooperation (BSEC) was established in 1992 to strengthen regional co-operation, particularly in the field of economic development. In June 1998, at a summit meeting held in Yalta, Ukraine, participating countries signed the BSEC Charter, thereby officially elevating BSEC to regional organization status. Chairmanship of the Council rotates among members every six months; the Chairman-in-Office coordinates the activities undertaken by BSEC. In April 2008 the Council adopted