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Southern Corridor Summit Declaration signed in Prague

08 May 2009 14:32 (UTC +04:00)

The participants of the Southern Corridor Summit expressed their political support to the realization of the Southern Corridor as an important and mutually beneficial initiative, which will lead to the promotion of common prosperity, stability and security of all countries involved. â€œWe acknowledge that infrastructure projects which interconnect the countries along the Southern Corridor will act as a catalyst for further co-operation in other areas. The successful cooperation in the field of energy will encourage investments also in transport area. The development of transport infrastructure, including for energy, will lead to an intensification of people-to-people contact, which is the fundamental prerequisite to further social, economic and political cooperation in the whole regionâ€, the participants said in the Declaration.
The countries signed the Declaration said they agreed to give necessary political support and, where possible, technical and financial assistance to the construction of the Southern Corridor, including the Trans-Caspian energy transportation projects, in order to support the diversification of energy sources, markets and transport routes. â€œWe attain the energy security of all parties including consumer and transit states, such as Turkey, Georgia and Azerbaijan, on the basis of commercial agreements that are in line with the Parties’ international commitmentsâ€, the Declaration reads.

The Declaration was signed by Mirek TopolÃ¡nek, President of the European
Council, Jose Manuel Barroso, President of the European Commission, Ilham Aliyev
President of the Republic of Azerbaijan, Mikhail Saakashvili, President of Georgia, Abdullah GÃ¼l, President of Turkey, Sameh Fahmy, Minister of Petroleum of the Arab Republic of Egypt.