Glossary

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Baku Initiative

“Baku Initiative” was called in 2004 with a Ministerial Conference on Transport Cooperation between the EU Black Sea – Caspian littoral states and their neighbours in Baku. The Baku Initiative is a policy dialogue aimed at enhancing energy and transport cooperation. In the field of energy it was followed in November 2006 by the adoption of an Energy Ministerial Declaration in Astana including a roadmap for the four priorities in the following fields: energy market convergence; energy security; sustainable energy development and attracting investment. Working groups have been established for each of these priorities.