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Armenia & Turkey to benefit from opening of Armenian-Turkish Border

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  • Armenia & Turkey to benefit from opening of Armenian-Turkish Border

    PanArmenian News
    July 13 2005

    BOTH ARMENIA AND TURKEY TO BENEFIT FROM OPENING OF ARMENIAN-TURKISH
    BORDER

    13.07.2005 07:29

    /PanARMENIAN.Net/ The opening of the Armenian-Turkish border will be
    beneficial not only for Armenia but also for Turkey, Director of
    Armenian European Policy Legal and Advice Center (AEPLAC) Tigran
    Jrbashian stated when presenting the results of the investigation
    entitled `Economic Consequences of the Opening of the
    Armenian-Turkish border for Armenia'. According to the research, the
    opening of the border will first of all allow reducing transport
    expenses, increasing the commodity turnover and volume of export. It
    will also contribute to the level of the Gross Domestic Product and
    employment. At the same time the opening of the roads will allow to
    use Turkey's transit ways and have the outlet to the Mediterranean,
    thus obtaining real possibilities of integration into the European
    structures. Turkey in its turn will have the possibility to use the
    Armenian transit ways and benefit from the reconstruction of the
    Kars-Gyumri railway. The trade growth and development of eastern
    regions of Turkey can also be expected. According to Jrbashian the
    investigation was carried out on the basis of possible short-term
    economic development (1 year) and medium-term development (5 years).
    The short-tern variant provides for certain growth of trade volume
    and reduction of transport expenses, as result, the volume of export
    will exceed the GDP. The average-term variant can provide intensive
    use of Turkish transit ways, considerable growth of the commodity
    turnover, reduction of prices for Turkish goods and increase of
    export to Turkey, EU states, America and Middle East. Long-term
    development (over 5 years) will allow speaking of interrelation of
    the Armenian and Turkish markets and strengthening of competition.
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