After his defeat in the 1996 UDF primaries and after the end of his presidency in 1997, Zhelev remained in politics, but on a much smaller scale. He became Honorary Chair of the Liberal Democratic Union and Honorary Chair of the Liberal International and in 1997 went on to establish and preside over a foundation named after him. Zhelev was the initiator and president of the Balkan Political Club, a union of former political leaders from Southeast Europe. As part of the club he voiced his support for Turkey's accession to the European Union.