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.
Subscribe to our news!
The Three Seas Initiative (3SI) has become one of the topics during the World Economic Forum in Davos, Switzerland, attracting speakers and audience on current matters of development of the Three Seas region. From 22 to 25 May 2022, in six noteworthy panels, discussions are focusing on the Three Seas region’s energy transformation, commercial potentials, international investments, new age infrastructure, financial potentials and possible digital revolution.