Preparation plan for the 2nd Caspian Economic Forum in Moscow was determined

Preparation plan for the 2nd Caspian Economic Forum in Moscow was determined

A meeting of the Organizing Committee for the preparation and holding of the 2nd Caspian Economic Forum was chaired by Minister of Economic Development of the Russian Federation Maxim Reshetnikov, the official website of the Russian Ministry reports.

During a meeting, the organizational plan for the preparation and holding of the event was approved. The preparation work is carried out under the leadership of Mikhail Babich, the First Deputy Minister of Economic Development of Russia. He noted that the preparatory part, which includes administrative support, is to be completed by the end of September.

The forum will take place for two days and will combine several discussion platforms. Traditionally, the topics of the Forum will include development of trade and economic relations between the states of the five Caspian states, partnership in the fields of transport, infrastructure, energy and ecology. The event will be attended by representatives of Russia, Azerbaijan, Kazakhstan, Turkmenistan and Iran.

“The main goal of the forum is to build a dialogue between business and the Governments of the Caspian states to assist development of mutual and free trade, as well as help shift existing barriers. It is also planned to conclude during the meeting a number of international and interstate agreements”, said Maxim Reshetnikov.

The next meeting of the organizing committee is scheduled for December 2020.

By the decision of the Russian Government, the Forum was moved from Astrakhan to Moscow. The forum is scheduled for August 2021.

The decision to hold the Caspian Economic Forum was taken by the heads of the five Caspian states at the Fifth Caspian Summit in Kazakhstan on August 12, 2018. The 1st Caspian Economic Forum was held in Turkmenbashy city in the west of Turkmenistan On August 11-12, 2019.

It was attended by the President of Turkmenistan and representatives of the Governments of the five Caspian countries. A year earlier, the heads of Russia, Kazakhstan, Azerbaijan, Turkmenistan and Iran signed the Convention on the Legal Status of the Caspian Sea. The document establishes exclusive rights of the five states to the Caspian Sea, responsible development and use of its subsoil and other resources.