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ANKARA: Business World Hopeful About Armenian Rapprochement

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  • ANKARA: Business World Hopeful About Armenian Rapprochement

    BUSINESS WORLD HOPEFUL ABOUT ARMENIAN RAPPROCHEMENT

    Today's Zaman
    Sept 3 2009
    Turkey

    The establishment of "diplomatic relations" between Turkey and Armenia
    and protocols between the two nations aiming to develop bilateral
    relations are sources of hope for businesspeople in the two countries.

    Turkish-Armenian Business Development Council (TABDC) Co-President
    Kaan Soyak says the Turkish and Armenian governments know what work
    there is to be done to develop relations and that he is not concerned
    about their making progress in that regard. The two protocols in
    question must be approved in the parliaments of both nations and
    seven intergovernmental sub-commissions will be established once the
    protocols are approved. One of these is to work toward the development
    of "commercial, tourism and economic cooperation." That sub-commission
    is expected to have its first meeting three to four months after the
    protocols' approval.

    Soyak, evaluating the midnight announcements on Aug. 31 in an interview
    with Today's Zaman, said: "Of course we found [the developments]
    positive. The concerns and problems of both sides were put to paper
    in the protocols. Everyone knows well what they must do." He also
    said he had positive expectations regarding a solution to the issue
    of Nagorno-Karabakh and said that when it came to internal political
    discussions, he was more concerned about the Armenian side than the
    Turkish side.

    Soyak emphasized that because the Turkish government is controlled
    by the Justice and Development Party (AK Party), he was not concerned
    about the Turkish side during the rapprochement period.

    Soyak expects that when the border between Turkey and Armenia is
    opened, the Kars-Yerevan train line will carry people and freight
    between the countries. According to Soyak, this would make it
    easier for Turkish products to reach Central Asia, traveling through
    Armenia. "With this route, Turkey will be able to reach both Central
    Asia and Russia much faster and will also be able to be reached much
    more quickly. It will also bring down prices of raw materials," he
    said. Soyak also recalled that because the border between Turkey and
    Armenia is closed, trade between the two countries takes place through
    Georgia, and according to United States and European Union data in 2008
    such trade amounted to $200 million. This figure could rise to as much
    as $400-500 million if the border were opened, he said. In addition,
    the Turkish tourism sector would receive a boost with an influx of
    Armenians from Armenia as well as diaspora Armenians coming to visit
    Turkey's East, which hosts many sites of interest to them, Soyak said.
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