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Armenian Experts Propose Creating Free Economic Zone Between Armenia

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  • Armenian Experts Propose Creating Free Economic Zone Between Armenia

    ARMENIAN EXPERTS PROPOSE CREATING FREE ECONOMIC ZONE BETWEEN ARMENIA AND GEORGIA

    Noyan Tapan
    Feb 12, 2008

    YEREVAN, FEBRUARY 12, NOYAN TAPAN. Armenian experts attach importance
    to creation of a common exonomic zone between Armenia and Georgia with
    the aim of promoting economic relations between the two countries, was
    stated at the February 11 presentation of the research "Armenia-Georgia
    Relations. Unused Opportunities". The research was done by a group
    of Armenian experts under the UNDP program on transborder cooperation
    between Shirak and Samtskhe-Javakheti regions.

    The head of the research group Tigran Jrbashian characterized
    the current economic relations between the two countries as quite
    passive. Trade turnover volumes of Georgia with Turkey or Azerbaijan
    are several times as much as its trade turnover with Armenia. Georgia
    is most active in Armenia's service sector: transportation, transit
    traffic, communication, tourism.

    According to T. Jrbashian, the revenues of Georgia from transit
    transportation of gas made nearly 41 million dollars in 2006. For
    comparison, he said that goods of 54 million dollars were exported
    from Armenia to Georgia during the same period.

    In the opinion of T. Jrbashian, in order to overcome this disproportion
    in Armenian-Georgian trade and economic relations, it is necessary
    to use a mutually beneficial model of development. He said that the
    creation of a common economic zone would reduce the trade restrictions
    that other countries use with respect to Armenia and Georgia. It would
    neutralize Russia's restrictions on Georgian goods and the economic
    consequences of Armenia's blockade by Turkey. This approach would
    also increase the opportunity of developing trade links of the two
    countries with the European Union, which is in line with the EU policy
    in the region. Active transborder cooperation may also contribute to
    improvement of the socioeconomic conditions of border communities in
    Shirak marz of Armenia and Samtskhe-Javakheti region of Georgia.

    It was stated that a similar research was also done by Georgian
    experts, and its presentation will be held soon. The proposals of
    Armenian and Georgian experts will be submitted to international
    organizations, Armenian and Georgian authorities, the appropriate
    bodies for discussion.
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