Organization of the Black Sea Economic Cooperation—BSEC
Year: 2020

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. The Charter entered into force on 1 May 1999, at which time BSEC formally became the Organization of the Black Sea Economic Cooperation, retaining the same acronym. Sectora