The effects of the BSEC on regional trade flows

Abstract

The purpose of this paper is to discuss accomplishments of the BSEC in reference to conventional modes of economic integration in light of the particular circumstances underlying the organisation's formation. The discussion places a pronounced emphasis on the initial impact of the BSEC concerning regional trade flows, particularly on the volumes of Greek and Turkish trade with the rest of the members then proceeds to consider the potential of the BSEC to maintain this impact. The organisation of the paper is as follows: the following section looks at the structure of the BSEC and areas of cooperation between member states; Section two discusses any effects that the BSEC might have had on trade flows among its members; and section three provides conclusions.