Globalization, bringing both opportunities and challenges to all countries and peoples, was another important topic on the Assembly’s agenda (rec.60/2002) The common intention of the countries to diversify and develop the existing economic relations towards globalization opens up opportunity to efficiently use advantages arising from the geographical proximity and mutual interests, as well as traditional ties and complementary nature of the economies. The challenge is to come together to turn globalization into a more effective and consolidated process with equal participation of the countries, developed and developing alike, in managing the posed problems and realizing its immense benefits.
Welcome to PABSEC
Established on 26th February 1993 as a parliamentary dimension of the Black Sea Economic Cooperation (BSEC), the PABSEC has proved to be an effective forum for inter-parliamentary dialogue in the Black Sea region. With a membership of 76 parliamentarians representing the national parliaments of the twelve BSEC Member States, the PABSEC facilitates the mobilization of efforts by the national parliaments aimed at promoting democratic values, the rule of law, pluralistic society and market economy.
The main objective of the PABSEC is to provide assistance to the national parliaments in enacting the laws that are necessary for the implementation of the projects elaborated within the framework of the Organisation of the BSEC and to establish the legislative foundation for successful multilateral economic, political and cultural cooperation in the region.