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Gagik Minasian Says Armenia Will Be Able To Defend Its Economic Inte

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  • Gagik Minasian Says Armenia Will Be Able To Defend Its Economic Inte

    GAGIK MINASIAN SAYS ARMENIA WILL BE ABLE TO DEFEND ITS ECONOMIC INTERESTS ONCE TURKEY OPENS BORDER

    ARKA
    Sep 30, 2009

    YEREVAN, September 30, /ARKA/. Chairman of the Armenian parliament
    committee on financial and crediting affairs Gagik Minasian downplayed
    today speculations that the open border with Turkey would strangle
    Armenia's economy.

    Speaking at a news conference, he said the economic aspect of the
    opening of the Armenian-Turkish border for a country of Armenia's size
    and economic potential that will have to build its economic relations
    with a much stronger country is extremely important. Despite that,
    he argued, Armenia will be able to defend its economic interests once
    Turkey lifts the seal off the border.

    According to him, the problems that Armenia will face when the border
    opens will not be different from those which other countries have in
    their economic relations. He said there are internationally created
    mechanisms that help solve such problems.

    Gagik Minasian said Armenia has passed a set of laws and sub-laws,
    particularly, a law regulating its domestic market, the anti-trust
    law and some others which can be applied effectively to protect its
    economic interests.

    In comments on speculations that Turkey may hamper import of Armenian
    products, Gagik Miansian said Ankara applies EU standards, although it
    is not an EU member and if it creates obstacles to Armenian products
    imports, they can be sold in Europe. He added that the open border
    is important in terms of alternative transport routes for Armenian
    produces.

    A joint statement issued late on August 31 by Turkey and Armenia,
    together with mediators from Switzerland, said Ankara and Yerevan
    will conduct six weeks of diplomatic consultations before signing
    two protocols that establish formal diplomatic ties and help develop
    bilateral relations.

    The two neighbouring countries have no diplomatic ties, the border
    is closed and there is a history of animosity that stems from the
    mass killing of Armenians in 1915 in the ottoman Empire.

    The thaw in the strained relations began in 2008 September
    after Turkish president Abdullah Gul arrived in Armenia, at his
    counterpart Serzh Sargsyan's invitation to watch together the 2010
    World Cup qualifying football game between the two countries' national
    teams. During that visit the two presidents discussed prospects for
    engaging in dialogue and normalization of relations.
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