Border opening to contribute to economic development in Armenia and TurkeyApril 29, 2009 - 18:54 AMT PanARMENIAN.Net - Positive expectations from Armenian-Turkish border opening are quite significant in my opinion, RA Minister of Economy Nerses Yeritsyan said. According to Mr. Yeritsyan, open market will positively affect trade relations from the viewpoint of international experience (both practical and theoretical), whereas high level of protectionism (closes border is a fair example of that) may produce a harmful impact on both countries.Economy Minister also finds that border opening may lead to psychological transformations among people, pushing them to new initiatives. "That concerns both countries, as well as their markets." Besides, Mr. Yeristsyan noted that border opening will significantly reduce transportation costs. Open way to the Mediterranean will contribute to real savings in business," he said. According to Economy Minister, Transition from the Black to the Mediterranean Sea requires huge expenses, while the Armenian-Turkish border opening will reduce them by 20-30%. "Considering the agrguments above we should take an optimistic approach to the issue," Mr. Yeritsyan 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 | Concept to complete Yerevan Cascade discussed at city hall A conceptual proposal to complete the Cascade complex in downtown Yerevan has been presented by Jean-Michel Wilmotte. Pashinyan visits flood-hit region Armenian Prime Minister Nikol Pashinyan on Saturday, June 8 visited the disaster area in the Lori province. €3.5 mln EU grant to support justice reforms in Armenia The European Union has paid €3.5 mln grant to Armenia within a €11mln program on Support to Justice Reforms. Yerevan reacts to Baku’s proposal to see Minsk Group abolition Alen Simonyan has declared that Armenia is taking steps aimed at concluding a peace treaty with Azerbaijan. |