Caspian Sea littoral states (Iran, Russia, Azerbaijan, Kazakhstan and Turkmenistan) signed on Monday an agreement on economic cooperation.
The agreement was signed during the First Caspian Economic Forum, which was held in Turkmenistan’s Awaza on August 11-12.
The sides agreed that mutual development would contribute to the preservation of stability in the region, and laid emphasis on the need for respect for the national interests of the littoral states.
They also addressed the significance of the body of water’s legal status, which was agreed upon by the five countries in August last year in the Kazakh port city of Aktau after more than two decades of intermittent discussion.
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