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Only Opening Border With Armenia Will Not Stimulate Economy

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  • Only Opening Border With Armenia Will Not Stimulate Economy

    ONLY OPENING BORDER WITH ARMENIA WILL NOT STIMULATE ECONOMY

    armradio.am
    03.09.2009 15:35

    Turkey and Armenia's efforts to reconcile their differences will
    relieve some tension in the Caucasus, but a boom in trade from
    reopening the border can only take place if Azerbaijan is included in
    the equation and that is dependant on unraveling the Nagorno-Karabakh
    problem, according to Turkish leaders, Hurriyet Daily News reports.

    Despite the historic step taken by Turkey and Armenia, local
    businessmen and experts warn that only a comprehensive solution that
    includes Azerbaijan could boost economic and trade opportunities for
    the region.

    "It is quite important to find a parallel solution for the
    Azerbaijan-Armenian track. We actually think Turkish-Armenian
    reconciliation will accelerate the Nagorno-Karabakh solution,"
    Kaan Soyak, co-chairman of the Turkish-Armenian Business Development
    Council, or TABDC, said Wednesday in an interview with the Hurriyet
    Daily News & Economic Review.

    The normalization process is expected to have an enormous impact
    on trade between the border towns of the two countries. Igdır,
    which is linked to Armenia through the border gate Alican, is one of
    them. "The border trade has become the main actor of the local economy
    as livestock and agriculture production decreased," Kamil Arslan,
    president of Igdır Industry and Trade Chamber told the Daily News
    on Wednesday.

    0D The exclusion of Azerbaijan from the peace process would be the
    worst scenario for local tradesmen, according to Arslan. Pointing
    out that many local businessmen have deals in autonomous Azeri areas
    such as Nahchivan, Arslan said: "In such a case they might lose their
    current market."

    "It takes 10 to 12 days to send our goods to Azerbaijan and
    Turkmenistan through Georgia. However, it will only take four hours
    to export through Armenia. That's why we insist on a comprehensive
    solution that includes the Azerbaijanis."

    He advocated Armenia had no promising potential, saying: "Trade only
    with Armenia will not be profitable. It doesn't have medium or large
    industry. Its economy is weak with no significant production. We
    already sell our goods to them thanks to our dealers across the
    country."

    "But if a transit corridor linking Igdır to Baku is opened, then
    our trade volume will be doubled" he said.
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