The U.S. president Donald Trump has sent a message to Romania’s head of state Klaus Iohannis, the host of the third Three Seas Initiative Summit on 17-18 September 2018 in Bucharest, saying that the United States remain committed to cooperate with the 12 member states of the initiative in expanding energy, transport and digital infrastructure in the region.
“The United States is proud to remain a partner in these efforts by exporting liquefied natural gas to this region of strategic importance and by involving U.S. companies at the Business Forum of the Three Seas Initiative. At many levels, our country remains committed to working with the 12 Member States to further expand the energy, transport and digital infrastructure,” Donald Trump said in its message to the Romanian president.
According to Romania’s presidency, the Bucharest Summit aims at achieving political endorsement of the participant states of a short list of priority regional interconnection projects in energy, transport and digital, proposed by the governments of the participant states.
The summit also aims to create a network of the Chambers of Commerce from the states participating in the initiative, starting procedures to set up a Three Seas Initiative Investment Fund and officially launching the Initiative’s site.
“I look forward to hearing about our joint progress in new investment projects and business partnerships. The United States is committed to staying a strong ally and partner in this Initiative as we continue to focus on gaining wealth and security in the 21st century,” Trump added.
The Bucharest Summit will represent the political opportunity to validate the strategic guidelines founding the Three Seas Initiative’s future development, Romania’s presidency says.
The first objective of the initiative is the economic development of the Central and Eastern Europe countries, through increasing interconnectivity, especially on the North-South Axis but not only, in three main fields – transport, energy, digital – and boosting competitiveness of the participant states’ economies.
The second objective is to increase real convergence among EU member states, to allow continuing the European integration policy as a basis for relaunching the European project.
Thirdly, the initiative is intended to contribute to the strengthening of the transatlantic relation, through fostering US’s economic presence in the region, as a catalyst for an enhanced cooperation and as part of the transatlantic partnership.
In the margins of the Summit will take place the first edition of the Three Seas Initiative Business Forum, co-organized by the Presidential Administration of Romania and the Chamber of Commerce of Romania in cooperation with the Atlantic Council of the United States and the National University of Political Studies and Public Administration.
The Business Forum will be open for attendance to companies and governmental officials from the Initiative partner states, from the other EU Member States, from the United States, from the Western Balkans, the Republic of Moldova, Ukraine and Georgia, to representatives of the European Commission and of the European and international financial institutions as well as to representatives of think-tanks and academia.