Georgia initiates economic union of Caucasus republics

Georgia initiates economic union of Caucasus republics – Armenian report

Arminfo
2 Dec 04

YEREVAN

“At present, there are certain business relations between the
Armenian, Azerbaijani and Turkish sides, and Armenia, on its side,
agrees to consolidate these relations within the framework of an
economic organization,” Armenian Prime Minister Andranik Markaryan
told reporters after the first sitting of the Armenian-Georgian
business association in Yerevan today.

The prime minister spoke highly about the level of the
Armenian-Georgian economic relations. He particularly said that
Georgia had submitted to Armenia a list of its enterprises which could
be privatized with Armenian investments.

The establishment of a similar Georgian-Azerbaijani business
association will be the next phase to form a single Caucasian business
space, Georgian MP Beso Jugheli told the sitting. After that, Georgia
is planning to set up a tripartite Armenia-Georgia-Azerbaijan
association on the basis of the two associations.

The Georgian MP thinks that this will allow to form a single economic
space and a single consumer market with 15m residents in the
Caucasus. “This is our major dream, and business circles should be one
jump ahead of politicians,” Jugheli said.

[Passage omitted: Georgian president’s message to the sitting; other
details]

From: Emil Lazarian | Ararat NewsPress