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Annual trade between Armenia, Turkey totals 40m dollars

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  • Annual trade between Armenia, Turkey totals 40m dollars

    Annual trade between Armenia, Turkey totals 40m dollars

    Public Television of Armenia, Yerevan
    29 Sep 04


    The secretary of the Armenian-Turkish Business Forum, Ashot Sogomonyan,
    believes that annual trade between Armenia and Turkey totals up to 40m dollars.
    About 20,000 Armenian businessmen are doing business with Turkey.

    Economists believe that if Turkey changes its policy towards Armenia and
    opens borders with this country, the figures will go up immediately. Currently,
    trade between Armenia and Turkey is carried out via third countries, in
    particular, Georgia and Iran.

    Turcologist Ruben Shafrastyan also believes that Armenia is not ready to open
    the borders. Before opening the borders, Armenia should make amendments to
    its legislation to protect the interests of local manufacturers.
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