Prospects for Developing Cooperation in Caspian Sea

The Caspian region has strategic importance to littoral countries due to its resources and transport potential. The settlement of Caspian Sea status has been a long-awaited event for the five littoral republics.

Presidents of Kazakhstan, Azerbaijan, Iran, Russia and Turkmenistan signed the Convention on the Legal Status of the Caspian Sea last year in Aktau at the 5th summit of the Caspian littoral states.

The parties reached a consensus on delimitation of the water area into zones with different governments. Moreover, an agreement was reached on freedom of transit to other seas and oceans.

Diplomats from Kazakhstan and Iran have recently met in London in order to discuss about the prospects of cooperation under the Convention on the Legal Status of the Caspian Sea. The meeting was organized by the British-Kazakh Society.

The parties discussed topics of the cooperation in trade and economic, transit-transport and cultural-tourist areas. Special attention was paid to the importance of preserving the unique ecosystem of the Caspian Sea.

Possibilities of the Kuryk and Aktau ports were also highlighted in the meeting. The meeting participants also talked about Kazakhstan’s active work in the development of transcontinental transportation between Europe and Asia.