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NECESSARY TO DEVELOP INDUSTRY BEFORE OPENING OF THE ARMENIAN-TURKISH BORDER
Anna Balyan
"Radiolur"
25.11.2011 17:22
It's necessary to develop industry in Armenia and ensure the economic
security of the country before opening of the Armenian-Turkish border,
PhD in Economy Grigor Hayrapetyan says. He has studied the possible
influence of the opening of the border on Armenia's economy.
If the border opens, Armenia will export mostly consumption and
industrial goods, Grigor Hayrapetyan said, adding that the goods must
first be produced.
Today Armenian exports to Turkey total $1.5 billion, which comprises
just 1% of commodity turnover between Armenia and Turkey. Free economic
relations with Turkey will increase the exports with $50 mln.
However, aside from benefits, opening of the border will bring about
certain dangers. Turkey has introduced a ban on Armenian agricultural
and textile goods. Grigor Hayrapetyan says should the border open,
Armenia will also have to introduce similar economic restrictions.
The Turkish Ministry of Foreign Affairs does not recognize the
agreement signed during the recent Armenian-Turkish economic forum
in Yerevan. According to the economist, business interests do not
always fit with state policy.
Anna Balyan
"Radiolur"
25.11.2011 17:22
It's necessary to develop industry in Armenia and ensure the economic
security of the country before opening of the Armenian-Turkish border,
PhD in Economy Grigor Hayrapetyan says. He has studied the possible
influence of the opening of the border on Armenia's economy.
If the border opens, Armenia will export mostly consumption and
industrial goods, Grigor Hayrapetyan said, adding that the goods must
first be produced.
Today Armenian exports to Turkey total $1.5 billion, which comprises
just 1% of commodity turnover between Armenia and Turkey. Free economic
relations with Turkey will increase the exports with $50 mln.
However, aside from benefits, opening of the border will bring about
certain dangers. Turkey has introduced a ban on Armenian agricultural
and textile goods. Grigor Hayrapetyan says should the border open,
Armenia will also have to introduce similar economic restrictions.
The Turkish Ministry of Foreign Affairs does not recognize the
agreement signed during the recent Armenian-Turkish economic forum
in Yerevan. According to the economist, business interests do not
always fit with state policy.