Black Sea Connectivity and the South Caucasus | Middle East Institute
▻https://www.mei.edu/events/black-sea-connectivity-and-south-caucasus
▻https://www.mei.edu/sites/default/files/2021-03/Black+Sea%202.jpg
The Black Sea historically served as a major trading route connecting Eastern Europe, the South Caucasus, and Central Asia to the Mediterranean world. There is a growing interest in this region from major regional and non-regional actors. In addition to the security dimension, the Black Sea is attracting growing commercial interests. In order to maximize trade opportunities for all parties involved, there is a need for renewed effort to facilitate Black Sea connectivity, in order to manage post-Covid recovery, and achieve significant synergy of resources and markets for years to come. More investment is needed for infrastructure development and harmonization of tariffs and border crossing procedures, with the common aim of increasing competitiveness of the entire transit and transportation system.