Turkish businessman: open border will thrice increase Armenia-Turkey trade turnover

Turkish businessman: open border will thrice increase Armenia-Turkey trade turnover
 November 22, 2011 - 12:12 AMT

PanARMENIAN.Net - Trade turnover between Armenia and Turkey totals USD 300 mln with a possibility to make it three times as big in case of opening the border in the nearest future, co-founder of the Turkish-Armenian Business Development Council (TABDC) said.

Talking with journalists in Yerevan, Noyan Soyak noted the possibility to develop a triangle tour: Ejmiatsin -Van - Ani.

Dwelling on the launch of Yerevan-Van flight, he said it will be delayed due to the recent Van earthquake.

For his part, Chairman of the Union of Manufacturers and Businessmen of Armenia Arsen Ghazaryan noted that trade turnover between Armenia and Turkey currently grosses USD 150-200 mln and agreed that it may grow several times in case of opening of the border.

7  22.11.11 - Armenian-Turkish business conference launches in Yerevan
 Top stories
Armenia dismisses Turkey’s demand to shut down nuclear plant as “inappropriate”Armenia dismisses Turkey’s demand to shut down nuclear plant as “inappropriate”
Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”.
Armenia to loan AMD 2.9 billion to KarabakhArmenia to loan AMD 2.9 billion to Karabakh
Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision.
Azerbaijan opposes Armenia’s plans to build new metallurgical plantAzerbaijan opposes Armenia’s plans to build new metallurgical plant
The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision.
Armenia attracts record amount of foreign direct investments, says MinisterArmenia attracts record amount of foreign direct investments, says Minister
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
 Articles
4 rules for business success

An ultimate guide

 Most popular in the section
Armenia's international reserves grew by 8.9% in 2022
IDBank to participate in Career City Fest 2023
Armenia-Iran trade grew 45% in January-October – official
Shell already in Armenia: First fuel stations put into operation
Home
All news
Overview: Economy
Archive for November 22, 2011
Other news in this section
 Latest news
Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28.
Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia.
Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports.
Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation.
---