(MENAFN- Trend News Agency) Baku, Azerbaijan, Dec. 26
By Leman Zeynalova - Trend:
The Convention on the Legal Status of the Caspian Sea will contribute to the growth of investment attractiveness of the coastal countries, Trend reports referring to Spokeswoman of the Russian Foreign Ministry Maria Zakharova.
Zakharova made the remarks during a press conference on Dec. 26.
"The Convention on the Legal Status of the Caspian Sea, signed this year in Aktau, contributes to the strengthening of stability and predictability in relations between the Caspian countries, creation of favorable conditions for expansion of mutually beneficial cooperation, creation of clear legal situation in the region as a whole,' she said.
'The provisions of the Convention regulate the determination of boundaries of territorial waters and other issues that are vital for coastal countries,' she said.
'We are confident that this document, as it has been repeatedly emphasized, will contribute to the growth of economic cooperation, investment attractiveness, competitiveness of the Caspian countries, the implementation of joint projects aimed at accelerating development and fully disclosing potential in the most advanced spheres,' Zakharova said.
'An increase in predictability and a decrease in various risks in one of the most important areas of Eurasia are beneficial to all," she said.
The Convention on the Legal Status of the Caspian Sea was signed at the 5th Summit of Heads of State of the Caspian countries in Kazakhstan's Aktau on Aug. 12.
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