Yesterday, the first video meeting of the foreign ministers of the Three Seas region was held on the initiative of Estonia, discussing the inclusion of the governments of participating states in meeting the objectives of the cooperation platform. The initiative that unites 12 EU member states and partners aims at increasing the economic growth and energy security of the region through infrastructure investments, and improving connections between states. A more extensive engagement of the executive would contribute to meeting these practical objectives.
The Foreign Minister of Estonia Urmas Reinsalu underscored that the governments of various countries had a chance to participate in the implementation of projects. “They can bring organisations and companies to the same table and create the preconditions for wide-ranging practical cooperation. The ministries can also show political support for broader strategic developments that can, in turn, boost the movement of private capital,” Reinsalu added.
At the Three Seas foreign ministers meeting, Estonia highlighted key points that could be the next practical results of the initiative. The ideas and cooperation emerging from the exchange of ideas contribute to economic recovery and the development of the infrastructure of the region between the Baltic, Adriatic and Black seas, which affects the well-being of more than a hundred million people.
The meeting was also an important milestone ahead of the Three Seas summit and business forum held in Estonia on 19-20 October. It is one of the most significant foreign policy events in Estonia in recent years and brings together heads of state, business leaders and top officials from Europe, the United States and other regions. “At this event, too, we plan to take the practical view. The aim of the summit in autumn is to focus the activities of the developing initiative, to discuss various development options and come up with suitable solutions for the region that are then implemented,” the foreign minister said.
“Fittingly for Estonia as an e-state, the agenda also includes digitalisation and smart connectivity. The smart application of digital components in building new infrastructure could give the region a competitive edge. This will create favourable conditions for implementing new business models and technologies,” Reinsalu said. “Smart connections, which could have an investment platform in the Three Seas Initiative, also support green infrastructure and our global climate goals.”
The meeting organised by Estonia included representatives of the Three Seas participating states (Austria, Bulgaria, Estonia, Croatia, Lithuania, Latvia, Poland, Romania, Slovakia, Slovenia, the Czech Republic and Hungary) and the initiative’s partners (United States, Germany and the European Commission).
Photos (Raigo Pajula): https://flic.kr/s/aHsmNZJ9Hy
The next Three Seas summit and business forum are held on 19-20 October in Tallinn.
The Three Seas Initiative is a regional cooperation format that brings together 12 European Union member states from the Adriatic, Baltic and Black seas: Austria, Bulgaria, Estonia, Croatia, Lithuania, Latvia, Poland, Romania, Slovakia, Slovenia, the Czech Republic and Hungary. Key partners include the United States, Germany and the European Commission. The Three Seas initiative improves cooperation mainly with the aim of developing the infrastructure of the energy, transport and digital sectors. The objectives of the initiative include new investments, economic growth and energy security. As a result of joint action, Europe will be more united, stronger and more competitive internationally.
The Three Seas Initiative is a priority cooperation format for Estonia and Estonia has also decided to join the Three Seas Investment Fund.
Ministry of Foreign Affairs
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