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Black Sea Economic Cooperation BSEC Top Nominal GDP

The Organization of the Black Sea Economic Cooperation (BSEC) is a regional international organization focusing on multilateral political and economic initiatives aimed at fostering cooperation, peace, stability and prosperity in the Black Sea region. It traces its origin to 25 June 1992, when Turkish President Turgut Özal and leaders of ten other countries gathered in Istanbul and signed the Summit Declaration and the "Bosphorus Statement". BSEC Headquarters – the Permanent International Secretariat of the Organization of the Black Sea Economic Cooperation (BSEC PERMIS) – was established in March 1994, also in Istanbul. With the entry into force of its Charter on 1 May 1999, BSEC acquired international legal identity and was transformed into a full-fledged regional economic organization: Organization of the Black Sea Economic Cooperation. With the accession of Serbia (then Serbia and Montenegro) in April 2004, the Organization’s Member States increased to twelve. North Macedonia's accession in 2020 increased the organization's membership to thirteen. Member Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, Ukraine, Serbia, North Macedonia, Albania GDP, Armenia GDP, Azerbaijan GDP, Bulgaria GDP, Georgia GDP, Greece GDP, Moldova GDP, Romania GDP, Russia GDP, Turkey GDP, Ukraine GDP, Serbia GDP, North Macedonia GDP