ArmInfo. Armenian economy ministry instructed by the prime minister is conducting a research for studying the possibilities of introducing sanctions on import of Turkish goods, Armenian Economy Minister Artsvik Minasyan stated at the Armenian parliament on April 27.
According to him the matter first of all concerns those goods, which threaten Armenian economy in terms of quality and competitiveness. Especially that the economic ties between Armenia and Turkey are directly related to political processes. In this context the minister added that it is necessary to prepare a full package of documents. When Armenia entered WTO Turkey, which is also a member of this international organization made a caveat within Marrakech agreement, in which it in fact stated about its refusal of having relations with Yerevan, Thus, Armenia also has all the rights to use mechanisms, which will allow defending the country's economy. Within the Eurasian Economic Union Armenia may use instruments, which allow imposing sanctions in certain cases. According to the minister it is very important to consider all the actions in order to avoid hazardous social situation. The minister added that an action program on this issue will be presented to the parliament for approval in the nearest future.
The minister emphasized that in parallel work on development of domestic production will be continued.
To note, there are no diplomatic relations between Armenia and Turkey. Ankara continues blockade of border with Armenia in solidarity with Azerbaijan. However, Armenian trade fairs and shops are filled with Turkish goods. There is no statistical data but according to non-official data the annual turnover between the two countries is about 150-170 mln USD.