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EBRD: Ratification Of Zurich Protocols Would Improve Armenia's Expor

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  • EBRD: Ratification Of Zurich Protocols Would Improve Armenia's Expor

    EBRD: RATIFICATION OF ZURICH PROTOCOLS WOULD IMPROVE ARMENIA'S EXPORT COMPETITIVENESS

    Noyan Tapan
    Feb 15, 2010

    YEREVAN, February 15. /ARKA/. Ratification of Zurich protocols by
    Turkish and Armenian parliaments would improve Armenia's export
    competitiveness, EBRD Political Counsellor Franklin Steves said.

    "Their ratification by the Turkish and Armenian parliaments would
    result in a noticeable improvement in Armenia's export competitiveness,
    as reliable over-ground export routes become accessible and both import
    and export prices fall. Strengthening economic ties between Armenia
    and Turkey would also significantly strengthen regional security and
    ensure sustainable development for the decades ahead."

    On October 10, Armenian and Azerbaijani foreign ministers - Edward
    Nalbandyan and Ahmet Davutoglu - signed the protocols on establishment
    of diplomatic ties and development of bilateral relations.

    The protocols will be sent to the two countries' parliaments for
    ratification. After ratification the countries will be able to open
    their border.

    The European Bank for Reconstruction and Development said in its
    Transition Report, which will be presented in Yerevan on February
    16, that high transportation costs and closed borders with Turkey
    and Azerbaijan "emphasise the need to improve the competitiveness of
    the tradable sector and to diversify and upgrade regional transport
    infrastructure".

    Armenian-Turkish border was closed in 1993 on Ankara's initiative.

    Turkey has set a number of preconditions for improving its relations
    with Armenia.

    Ankara demanded Armenia to stop seeking worldwide recognition of
    Armenian genocide fact.
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