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On May 13-15, the 63^rd Plenary Session of the Parliamentary Assembly of the Black Sea Economic Cooperation (PABSEC) was held in Tirana, in the capital of Albania. The Head of the delegation of the RA National Assembly to PABSEC, the Deputy Chair of the NA Standing Committee on Economic Affairs Babken Tunyan, the members of the delegation Sergey Bagratyan and Arsen Torosyan took part in the work of the PABSEC.

The core of the debate was the theme on “Strengthening Regional Economic Cooperation to Enhance Encountering Common Security Challenges.”

The Head of the delegation of the RA National Assembly to PABSEC Babken Tunyan gave a speech on the issue, He touched upon the inter-connection of economic stability and security, the importance of the involvement of the regional countries in the projects of economic cooperation, as well as underscored the significance of unblocking the communication links. Babken Tunyan presented the Crossroads of Peace project, also related to the Armenian-Azerbaijani negotiations, the delimitation process, stressing once again the commitment of Armenia to establish peace and stability in the region.

During the Session the following reports were debated and adopted: “Investing in Human Capital for Innovation and Prosperity in the BSEC Region,” “The Role of Parliaments in Promoting InterculturalDialogue and Tolerance in the Fight against Hate Speech,” and “The Cooperation among the BSEC Member States in Energy Trading.”

The Presidency of the organization passed to the National Assembly of Armenia, and a decision was made to hold the 64^th Plenary Session in Yerevan in November of this year.