Armenia is committed to values of strengthening peace and stability in Black Sea region.

The 39th plenary session of the Parliamentary Assembly of the Black Sea Economic Cooperation (PABSEC) continued its work at the National Assembly of Armenia.

The session discussed and approved reports and proposals concerning the activities of three standing committees. The meeting also approved a number of amendments discussed in Istanbul and Tbilisi.

PABSEC Secretary General awarded a diploma to Vice-Chairman of the Parliamentary Assembly Areg Ghukasyan.

Armenia handed over PABSEC chairmanship to Azerbaijan. Ghukasyan handed the token hammer to Head of the Azeri delegation Asef Gajiev.

Members of Black Sea cooperation are united by common values including the strengthening of peace and stability in the region and establishing good-neighborly relations, about this mentioned President of National Assembly of Armenia Samvel Nikoyan in his massage addressed to the 39-th session of BSEC PA.

"Armenia pays great attention to regional cooperation," mentioned Nikoyan. In his words during the last period multilateral cooperation and parliamentary diplomacy have gained great importance. "We have the aim to support and develop those processes. As internationally recognized organization BSEC PA constantly expands its scope of activity becoming important factor of economic and political stability in the region," he said.

President of National Assembly also stressed that the activity of the organization is directed to strengthening economic and trade cooperation in Black Sea region and must help to establish mutual understanding and trust between nations of member states. "With this sense we are moving in direction of strengthening regional cooperation," said Nikoyan.

He also informed that during six months of Armenia's presidency in the parliamentary assembly the three specialized committees had worked hard, discussed and acknowledged several important reports concerning economic, social, legal spheres.

PABSEC will hold its 40th meeting in Baku, Azerbaijan, Nov. 21 and 22.