CAUCASIAN PARLIAMENTARY ASSEMBLY

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| 20:34:01 | 17-06-2005 | Official |

According to the memorandum signed in Tbilisi, since January 1,
2007 the South Caucasian Parliamentary Assembly will function.

On June 16 in Tbilisi the session of the Southern Caucasus
Parliamentary Initiative Presidium took place, in which the future
development of the Initiative was discussed. As a result of the
discussions it was decided that the activity of the Initiative will
continue with another phase where each country will preside for
6 months.

In the memorandum signed by the countries it was stated that the
delegations of Armenia, Azerbaijan and Georgia will spare no efforts
to make the South Caucasian Initiative a more active structure. All
the necessary steps will be taken to turn the Parliamentary Initiative
into the South Caucasian Parliamentary Assembly on January 1, 2007.

The secretariat of the Parliamentary Initiative has been ordered to
represent to the Presidium for the coming 18 months draft documents
which will regulate the authorizations and the activity of the
Parliamentary Assembly.

The Memorandum has been signed by the heads of the delegations
of the three countries. The Armenian delegation to the Presidium
session was represented by RA NA deputy speaker Tigran Torosyan and
Mher Shahgeldyan.