Five nations sign landmark deal on status of Caspian Sea

Leaders of the five states encircling the Caspian sea — Kazakhstan, Russia, Azerbaijan and Turkmenistan — have signed a landmark declaration determining the legal status of the sea during the fifth Caspian Summit in the Kazakh city of Aktau.

It took more than 20 years and more than 50 meetings of working groups in order to prepare the Convention on the Legal Status of the Caspian Sea. Now, its five bordering states join forces and open a new chapter of cooperation in the fields of transport, trade, energy and ecology.

It was the turn of the President of the Republic of Kazakhstan Noursoultan Nazarbaïev to host the fifth edition of the summit, with previous events occurring in 2002 in Ashgabat, in 2007 in Tehran, in 2010 in Baku and in Astrakhan in 2014.

The five heads of states who signed the convention agreed to 15 miles of sovereign territorial waters, in addition to a further 10 nautical miles of fishing area, beyond which there will be common waters.

’’The countries which have signed the convention, agree to implement and follow main points of our agreement," the President of the Republic of Kazakhstan Nursultan Nazarbayev announced. «The Caspian Sea is a place of good-neighbourliness and friendship. All bordering states will use the sea in a peaceful way and all countries respect the independent sovereignty of all the other countries. In the Caspian Sea, there will be no military bases of any foreign country.’’

In addition to the convention, the ministers also signed an intergovernmental agreement on trade and economic cooperation, as well as an agreement on transportation.

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Kuryk Port Opens New Ferry Complex

Kuryk port, located in the Mangystau region of Kazakhstan, has opened its new ferry complex.

Officials of relevant government agencies and representatives of private companies from Georgia, Turkey, Turkmenistan, China, Russia, Uzbekistan, Tajikistan, Kyrgyzstan and Azerbaijan attended the event with the participation of the President of Kazakhstan Nursultan Nazarbayev.

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Kazakh leader touts port on ‘Silk Road’

KURYK, Kazakhstan: Kazakh leader Nursultan Nazarbayev on Saturday hailed a newly modernised Caspian Sea port which the ex-Soviet country hopes will link up to China´s massive «Belt and Road» infrastructure project.
Speaking at the Caspian port of Kuryk, 78-year-old Nazarbayev said Kazakhstan was investing in such transport hubs to benefit from the trillion-dollar project championed by Chinese leader Xi Jinping that aims to be a modern version of the ancient Silk Road trading routes.

«Investing in transport infrastructure makes our economy more competitive in multiple ways,» Nazarbayev said.

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