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Armenian Premier: Opening Of Armenian-Turkish Border Will Have Posit

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  • Armenian Premier: Opening Of Armenian-Turkish Border Will Have Posit

    ARMENIAN PREMIER: OPENING OF ARMENIAN-TURKISH BORDER WILL HAVE POSITIVE EFFECT ON ARMENIAN ECONOMY

    Today.Az
    http://www.today.az/news/politic s/52917.html
    June 5 2009
    Azerbaijan

    The opening of the Armenian-Turkish border will have a positive
    influence on the economic system of Armenia, said Armenian Premier
    Tigran Sargsyan.

    "If we have an alternative way which will help us connect to Europe
    and other countries of the region by the railroad, this will raise
    independence of our economic system", said he Friday at the seminar
    for young specialists "Crisis as an opportunity", organized by the fund
    "Financial-banking college".

    According to Sargsyan, today Armenia is extremely dependent on Georgian
    infrastructures as the two thirds of its external turnover is carried
    via Georgia.

    "Dependence in this aspect is extremely negative and our neighbor
    makes use of it as transaction expenses are too high and we fail to
    reduce them", said he and added that transportation of goods from
    any point of the world to Pati or Batumi is twice as cheap as from
    Poti and Batumi to Armenia.

    In this connection, the Armenian Premier said a monopoly situation
    is being formed in Georgia and this country abuse it.

    "Naturally, if we have alternative ways, our independence will grow
    dramatically, transaction expenses will reduce sharply and we will
    have cheaper ways and the overall macro-environment for business
    will change. Most spheres of Armenian economy will be competitive,
    which is currently not observed due to transportation charges and
    in this connection most kinds of goods are impossible to transport",
    explained he.

    At the same time, Sargsyan is confident that "no wonders will happen,
    time will be required for creation of the due enterprises and
    investments" right after the opening of the Armenian-Turkish border.
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