"REPORT: NO BIG GAINS TO ARMENIA IF TURKEY LIFTS BLOCKADE
Haroutiun Khachatrian 8/09/05
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A controversial report by an Armenian research and consulting group claims that reopening the Armenian-Turkish border would have a much smaller impact on Armenia’s economy than commonly believed.
The report was presented July 13 by the Armenian-European Political Legal Advice Center (AEPLAC), a prominent think tank sponsored by the European Union. It contended that Armenia would see its economy expand by only $20-23 million annually, or just 0.67 percent of its current Gross Domestic Product, if Turkey decided to lift its 12-year blockade of the Armenian border. Over the next five years, Armenia’s GDP would see an additional 2.7 percent increase over the country’s level in 2004."
More:EurasiaNet Business & Economics - Report: No Big Gains to Armenia if Turkey Lifts Blockade
