MEMORANDUM OF UNDERSTANDING for the coordinated development of the Black Sea Ring Highway

The Governments of the member-states of the Black Sea Economic Cooperation Organization (BSEC), hereinafter referred to as the Parties,

desiring to reinforce the cooperation of the BSEC member-states promoting international road transport of goods and passengers, considered as of great importance for their economic development,

believing that a coordinated plan of road construction and rehabilitation is vital to build and extend ties among the E. U., Black Sea and Asian countries, called upon to satisfy the requirements for international traffic in the future..



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