Discovering Common Grounds of Economical Cooperation

24.HAZIRAN.2002 / JUNE 24 , 2002

PRESS RELEASE

REGIONAL ECONOMIC WORKING GROUP
ARMENIA - AZERBAIJAN - GEORGIA - TURKEY

A group of 28 Economists and Businessmen from Armenia, Azerbaijan, Georgia & Turkey met in Istanbul over the week-end of June 21-23 .

The group included Academics as well as representatives of Business and NGO sectors.

The meeting was Sponsored by American University- Center For Global Peace and Hosted by Turkish Armenian Business Council ( TABDC) and Istanbul Policy Center (IPC).

During the meeting, the Group considered the current situation of Economic relations among the 4 countries and the possible economical benefits of expanding these relations.
Of particular interest to the Group was the issue of of improving the economic potential of Small and Medium Size Enterprises in the Region.
One proposal for doing so was sharing of information on business conditions and business formation through internet and website. The Group also discussed the importance of supporting current and future infrastructure projects in the Region, and the need for further research on regional economic issues including a very important TRACECA project for linking the region to Europe through all possible TRACECA Routes.

Over all, a number of issues of Common interest were identified and the Group agreed to continue working together on these issues.

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