"Last year, the signing of the Convention on the Legal Status of the Caspian Sea was an important step for our region and country," Minister of Foreign Affairs of the Republic of Azerbaijan Mr. Elmar Mammadyarov said while answering media questions following the results of 2019, APA reports.
"This document contributes to the further development of relations between the Caspian states, as well as the development of a climate of stability, progress and mutual trust in the Caspian region. Cooperation in the Caspian region is based on respect for the interests of the parties, territorial integrity and sovereignty of each other. The Convention, ensuring the consistency and safety of economic activities at sea, creates favourable conditions for the further expansion of such activities in the future. At present, the ratification of the Convention by all parties is one of the main challenges facing us. At the next stage, it is important that the Convention enters into force and the issues arising from it find their solution. It should be noted that in order to effectively implement the Convention, a High Level Working Group on the Caspian Sea is functioning.
Determining the legal status of the Caspian Sea will be an important contribution to the implementation of North-South and East-West transport corridors, which are of great importance for our region and the world. Thus, for the entities operating in the region, the period of uncertainty with the legal status of the Caspian Sea has ended. The Convention takes into account the importance of unleashing the sea transit potential, enshrines the principle of ensuring freedom and security of merchant shipping for the Caspian littoral states. Azerbaijan closely cooperates with each Caspian littoral country in the political and economic spheres. This is an important factor in ensuring mutual security and trust in the Caspian," Elmar Mammadyarov said.