Opening of Armenian-Turkish border to have positive impact on Armenia's economy

PanARMENIAN.Net - Opening of Armenian-Turkish border will have positive impact on Armenia's economy, Ameriabank's Development Department Director Tigran Jrbashyan told today a PanARMENIAN.Net reporter. "Such impact will not assume large scales, as many specialists claim, because market integration between two countries will take certain time." The principal advantage, according to him, consisted in lowering prices due to reduced transportation costs and weakening Georgian carriers' monopolistic bonus. "Transportation costs which currently make up 25% of our products' price which can be reduced twice," expert said.



Besides, he noted, that Armenia hasn't closed its borders for Turkish products, so there's no need to fear damping policy. "Maximum gain for Turkey will be exemption from paying bonus to Georgian transit carriers. Armenia has been always open for Turkish products which were represented on our markets, competing with local and Russian goods," he added.



Ameriabank's Development Director believes border opening will create great potential for cooperation in many spheres, particularly energy, construction materials, tourism and chemical production (in Turkey-Armenia direction).



Besides, Jrbashyan finds it natural that "Local manufacturers should have fears, since border opening will intensify competitiveness. If we are afraid of Turkish manufacturers on local market, how can we compete with them on European level?" According to him, "Fair competition has always promoted investments, and that's normal because manufacturers who can compete with Turkish producers on local market should give chances to those who cannot. That will increase the country's investment attractiveness," expert said.
 Top stories
Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”.
Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision.
The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision.
Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.
Partner news
---