President Kaljulaid in Munich: Estonia aims to make the Three Seas Initiative more practical
"Estonia aims to bring more practical aspects to the table during this summer's Three Seas Summit," President Kersti Kaljulaid said during the Three Seas Initiative roundtable at the Munich Security Conference where she gave a talk with Dan Brouillette, Energy Secretary of the US. “Proposed topics include the objectives and finance scheme of the Three Seas Investment Fund. Today in Munich, US Secretary of State Michael Pompeo claimed that the States plan to pledge 1 billion dollars to the Three Seas projects, which demonstrates their trust in the economy of our region."
"The states of the Three Seas make up a third of the European Union's area and altogether 105 million people inhabit these countries," the Head of State explained. "However, the GDP of these states makes up less than a fifth of the European Union's. Therefore, it is crucial to find ways to attract more investments into the infrastructure, energy and digital solutions of these countries and thus promote cooperation between European states."
"In order for us to cooperate efficiently in the fields of infrastructure and energy, we must also pay special attention to digitalisation and smart connectivity," the Head of the Republic of Estonia added. "One of the aims of the Three Seas Initiative Summit in Tallinn is to set higher standards for states' digital cooperation and the development of digital literacy."
Only four months remain until the Summit in Estonia. The objective of the meeting is to arrive at a common understanding of the Initiative's goals and decide how to move forward. The Three Seas Initiative brings together 12 member states of the European Union located between the Adriatic, the Baltic and the Black Sea: Austria, Bulgaria, Estonia, Croatia, Lithuania, Latvia, Poland, Romania, Slovakia, Slovenia, the Czech Republic and Hungary. Important partners include the United States of America, the European Union and Germany. The objective of the Three Seas is to further cooperation in the energy, transport and digital sectors. This helps develop infrastructure and thus contribute to the economy and security of member states as well as cultivate a sense of belonging within the Union.
Join us for an Introduction to the Three Seas Initiative, hosted by H.E. Mr. Egils Levits, President of the Republic of Latvia, on November 28 at 3-4 PM (Dubai time) in the Latvian Pavilion at World Expo 2020.
Implementing the Three Seas priority projects will be a decisive game changer in the sustainable development of our region and of Europe as a whole. The consistent increase in their number reveals the growing level of our ambitions, stated President Rumen Radev, who opened the Sixth Three Seas Initiative Summit today in the National Palace of Culture in Sofia.