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Despite the existence of sub-regional entities such as the Eurasian Economic Union (EAEU), the Shanghai Cooperation Organization (SCO), GUUAM (Georgia, Ukraine, Uzbekistan, Azerbaijan, and Moldova), and initiatives like the European Union-sponsored Transport Corridor Europe Caucasus Asia (TRACECA), there remains a lack of substantial regional organizations to promote trade, communications, and economic collaboration from the Caspian to the Black Sea.

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