September 7, 2017 in Odesa, the Constituent Meeting of GUAM Business Cooperation Association held in which representatives of business circles of GUAM Member States, ministries and departments of Ukraine, embassies of GUAM Member Countries, as well as guests from other countries took part.

Mr. V. Shchelkunov, President of the National Committee of Ukraine of the International Chamber of Commerce, presided at the meeting. The opening speech was also given by Mr. О. Danyleiko, Director of the Economic Cooperation Department of the Ministry of Foreign Affairs of Ukraine, Chairman of the Council of Exporters of the Ministry of Foreign Affairs of Ukraine, as well as Mr. A. Efendiev, GUAM Secretary General.

During the meeting, the participants considered and exchanged proposals on the draft constituent documents of GUAM Business Cooperation Association which will be distributed to participants after the proposed amendments are introduced.

The participants of the meeting, noting the importance and timeliness of the initiative, decided to establish the GUAM Business Cooperation Association with the right to accept new members, therefore all interested sides were invited to cooperate.

The unanimous decision of the chairman of the Council of the Association for one year was elected Mr. V. Shchelkunov and his deputy is the President of Company «Plaske» O. Platonov. It was agreed that the leadership of the Association will begin consultations on the formation of the Council of representatives of business circles of the GUAM Member States.