Annual trade between Armenia, Turkey totals 40m dollars

Public Television of Armenia, Yerevan
29 Sep 04

The secretary of the Armenian-Turkish Business Forum, Ashot Sogomonyan,
believes that annual trade between Armenia and Turkey totals up to 40m dollars.
About 20,000 Armenian businessmen are doing business with Turkey.

Economists believe that if Turkey changes its policy towards Armenia and
opens borders with this country, the figures will go up immediately. Currently,
trade between Armenia and Turkey is carried out via third countries, in
particular, Georgia and Iran.

Turcologist Ruben Shafrastyan also believes that Armenia is not ready to open
the borders. Before opening the borders, Armenia should make amendments to
its legislation to protect the interests of local manufacturers.