Announcement

Collapse
No announcement yet.

Does Armenia Need Free Trade With Turkey?

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Does Armenia Need Free Trade With Turkey?

    DOES ARMENIA NEED FREE TRADE WITH TURKEY?

    June 06, 2013 | 00:23

    YEREVAN. - Numerous Armenian businessmen and their Turkish partners
    speak in favor of normalizing relations between Armenia and Turkey,
    specifically in foreign trade.

    The Turkish government, however, is guided by political-and not
    economic-considerations and it posits impossible conditions before
    Armenia.

    This year's misbalance in the Armenia-Turkey trade-via a third
    country-made up $212.6 million, and the difference between exports
    and imports is 230 times more, all in Turkey's favor.

    In the case of a "free" trade, the negative balance in Armenia's
    foreign trade with Turkey could grow further, whereas exports remain
    on the previous level, since Turkish businessmen buy raw materials-and
    not finished products-from Armenia.

    In line with last year's data, Armenia exported 55 product groups to
    Turkey, but imported over 500 product groups from that country.

    Armenia primarily imports wooden tiles from Turkey. Second are plastic
    mono threads, and third are washing and cleaning products.

    In January-April 2013, the volume of Turkish exports to Armenia
    made up more than $56.5 million, whereas Armenia's exports to Turkey
    totaled $800,000.

    By Albert Khachatryan

    News from Armenia - NEWS.am



    From: Emil Lazarian | Ararat NewsPress
Working...
X