Aktau summit to define legal status of Caspian Sea
Convention on legal state of the Caspian Sea is expected to be signed in frames of the Summit.
The 5th Caspian Summit is scheduled for August 12, 2018, in Aktau. According to the Kazakh Ministry of Foreign Affairs leaders of Azerbaijan, Iran, Russia, and Turkmenistan will arrive in Kazakhstan on the invitation of the head of state Nursultan Nazarbayev, BNews.kz correspondent informs.
Kazakhstan’s President Nursultan Nazarbayev and Ilham Aliyev, Hasan Rukhani Vladimir Putin Gurbanugly Berdymukhamedov and other heads of Caspian states will discuss the economy, transport, protection of bioresources, and also safety. Besides, as you know, negotiations on the legal status of the Caspian Sea have been held for more than 20 years and the outcome of these negotiations is the signing of the main document.
The draft convention on the legal status of the Caspian Sea was finally agreed upon in the framework of the meeting of foreign ministers of the Caspian states on December 4-5, 2017 in Moscow.
It should be noted, the draft convention includes the basic principles of the activities of the parties in the Caspian Sea, the delineation of the marine area, the national bottom sectors, the implementation of military cooperation and economic and economic activities related to the development of biological resources, the seabed and subsoil, navigation, environmental protection, marine scientific research.
The settlement of the legal status of the Caspian Sea is strategically important in the context of ensuring the political stability and economic development of the Caspian region, preserving and multiplying its natural resources and using a unique geographical location, and the full cooperation of the five littoral states.