Conference of economists and businessmen from Turkey, Azerbaijan, Georgia and Armenia organized by American Center for global peace in cooperation with the Turkish-Armenian business council was held in Istanbul. Scientists and NGO representatives were among the participants of the conference. Reports on the macroeconomic situation in the South Caucasian countries, on developing business and foreign economic ties of the states of the region were heard at the meeting. After the forum a decision was made to cooperate in the sphere of exchange of economic information and research on the prospects of strengthening economic cooperation.