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Baku: Armenia Loses Voting Right In Ubcce

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  • Baku: Armenia Loses Voting Right In Ubcce

    ARMENIA LOSES VOTING RIGHT IN UBCCE

    Trend, Azerbaijan
    April 10 2013

    Armenia has been deprived of the right to vote in the Union of
    Black Sea and Caspian Confederation of Enterprises (UBCCE) due to
    its nonpayment of membership dues. According to a statement of the
    Azerbaijan-Turkey Business Association (ATİB) released on Wednesday,
    the decision was adopted at a regular (6th) general meeting of the
    ATİB held on April 5. Azerbaijan was represented at the meeting by
    board member Rashad Rasullu and the Director of Projects and Research
    Depatment of ATİB Kanan Aslanli.

    The general meeting also approved amendments to the Statutes of UBCCE,
    according to which the new legal name of the organization was changed
    to "Business Black Sea Caspian - BBC". In addition, membership rules
    were simplified and now sectoral business associations can be full
    members of the organization along with centralized association.

    According to the amendments to the statute, the Executive Committee
    of the UBCCE was granted additional rights on conducting negotiations
    and the receipt of new membership applications during a year. The
    executive committee retained the exclusive authority to approve new
    full and associate members at the general meeting.

    The senior personnel the UBCCE for 2013-15 was approved as follows:
    President - TUSİAD (Turkey), Vice-President - ATİB (Azerbaijan),
    Vice-President - GEC (Georgia). Board of Audit: President - TİSK
    (Turkey), and the members - KISH (Albania) and ICEA (Iran). So, in
    the next two years, the Azerbaijan-Turkey Business Association will
    be again represented in the UBCCE by a vice-president.

    The UBCCE was founded on November 27, 2006 in Istanbul upon the ATIB's
    initiative in an attempt to establish economic and trade relations in
    the Black Sea and Caspian Sea. The inaugural meeting was attended by
    Afghanistan, Albania, Bosnia and Herzegovina, Kazakhstan, Macedonia,
    Romania, Serbia and Turkey..

    http://en.trend.az/capital/business/2137563.html



    From: Emil Lazarian | Ararat NewsPress
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