Tuesday, January 17 2023 21:29
Alexandr Avanesov

Armenia`s economy will not be able to withstand the expansion of  Turkish goods- Economist

Armenia`s economy will not be able to withstand the expansion of  Turkish goods- Economist

ArmInfo.The Armenian economy will not be able to withstand the expansion of Turkish goods. A well-known Armenian economist, professor, head of the "Alternative"  Research Center Tatul Manaseryan stated in an interview with an  ArmInfo correspondent.

It should be noted that on January 14, the Turkish Anadolu agency,  citing diplomatic sources, reported that Turkey and Armenia could  discuss the issues of restoring trade between the two countries as  part of the process of normalizing relations. The issue of resuming  trade can be discussed by the special representatives of Turkey and  Armenia in the course of a new, already the fifth in a row round of  negotiations.

Meanwhile, according to Manaseryan, it is unavoidably obvious that  open roads are always much more preferable than a blockade. "But it  is necessary to take into account the fact that Turkey itself closed  the borders with Armenia, and now Ankara, rather than Yerevan, should  be the initiator of their unblocking.  We should not focus on  political diplomacy, considering the agreement reached as a serious  achievement, but to pay attention to the fact that against the  background of the blocking of the Berdzor (Lachin) corridor by  Azerbaijan, an air corridor is opening between Turkey and Armenia."

According to the economist, against the backdrop of the ongoing  developments, the question arises o as to which of the following is  of primary importance: the humanitarian catastrophe in Artsakh or the  benefits that individual entrepreneurs and not even the Armenian  economy, can receive?

At the same time, Manaseryan added that Armenia's weak economy will  not be able to withstand the expansion of Turkish goods. It is  unavoidably obvious, he continued, that Turkish goods are competitive  not only for the Armenian market, but also for any country in the  region. "Yes, the entire civilized world requires free competition,  including open communications. But in the case of Armenia, one simple  question needs to be answered: those officials who receive high  salaries and bonuses, have they done research on the possible  benefits or losses from direct trade with Turkey? And if such studies  have been carried out, does the country's public have the right to  get acquainted with their results?", Manaserian asked.

At the same time, it should be taken into account that Armenia does  not have its own cargo air transport, which means that it will either  have to rent them or use Turkish aircrafts, which it will most likely  do. And according to the expert, this will lead to an increase in the  country's dependence on the conditions of Turkish carriers. <We will  face a very serious discriminatory policy. Deliveries of rather large  consignments of Turkish goods to the Armenian market can lead to the  collapse of domestic production," Manaseryan said.

It should be noted that there are no data on trade and economic  relations between Armenia and Turkey in the reports of the RA  Statistical Committee; however, they are presented in the information  of the Customs Committee. According to these statistics, in the first  half of 2022, the export of Armenian goods to Turkey has increased  several times - from $106,000 to $20.3 million. Imports from Turkey  to Armenia during this period increased 3.4-fold- to $97.8 million.   Meanwhile, according to independent experts, these data refer to  direct trade, but they do not take into account indirect trade.  According to estimates, the y-o-y trade turnover between the  countries reaches $250 million. This is also evidenced by the  counters of Armenian stores, where the products of Turkish producers  are presented in full assortment.

POST A COMMENT
Input digits     


News
Government approves ratification of agreement on determining origin  of goods exported from EAEUGovernment approves ratification of agreement on determining origin  of goods exported from EAEU
FLYONE ARMENIA launches Yerevan-Nice-Yerevan flights FLYONE ARMENIA launches Yerevan-Nice-Yerevan flights 
Armenia requests WB to extend Armenia Extractive Industries Transparency Initiative Support programArmenia requests WB to extend Armenia Extractive Industries Transparency Initiative Support program
Team becomes TUMO`s main technology partner Team becomes TUMO`s main technology partner 
Armenia to allocate over $6 million to host EBRD Annual MeetingArmenia to allocate over $6 million to host EBRD Annual Meeting
Turnover tax doubled in Armenia Turnover tax doubled in Armenia 
Budget programme performance mechanism to be introduced in Armenia Budget programme performance mechanism to be introduced in Armenia 
Expert: Stimulating employment is critical in fight against poverty  in ArmeniaExpert: Stimulating employment is critical in fight against poverty  in Armenia
Armenian market participants` expectations indicate gradual reduction  of refinancing rate until end of current yearArmenian market participants` expectations indicate gradual reduction  of refinancing rate until end of current year
Scientists and economists discuss deepening financial integration in  EAEU at International Conference at RAUScientists and economists discuss deepening financial integration in  EAEU at International Conference at RAU
Renshin to build World Trade Center in YerevanRenshin to build World Trade Center in Yerevan
Armenia`s MIA, ADB discuss disaster risk management engagement  opportunitiesArmenia`s MIA, ADB discuss disaster risk management engagement  opportunities
Acba Bank to start public placement of its next USD, AMD bonds on May  2Acba Bank to start public placement of its next USD, AMD bonds on May  2
Martin Galstyan points out lending activity in Armenia`s banking  system Martin Galstyan points out lending activity in Armenia`s banking  system 
Central Bank Governor: external demand is more restrained than last  yearCentral Bank Governor: external demand is more restrained than last  year
WB approves $116 million for Armenia in support of green, inclusive  and sustainable developmentWB approves $116 million for Armenia in support of green, inclusive  and sustainable development
CBA further reduces refinancing rate to 8.25% from 8.5% CBA further reduces refinancing rate to 8.25% from 8.5% 
Idram and IDBank at Career City FestIdram and IDBank at Career City Fest
Deputy premier: WB is not only donor organization, but also important  partner for ArmeniaDeputy premier: WB is not only donor organization, but also important  partner for Armenia
Cadastre: apartments have risen in price by 12.9% over year in  Yerevan, with purchasesale transactions increasing by 39.8%Cadastre: apartments have risen in price by 12.9% over year in  Yerevan, with purchasesale transactions increasing by 39.8%
Over 10 cases initiated against biometric personal data processorsOver 10 cases initiated against biometric personal data processors
IT companies increased tax payments to state budget by 3.5%IT companies increased tax payments to state budget by 3.5%
High-Tech Minister visits Digitain,  one of leading Armenian  companies in iGaming High-Tech Minister visits Digitain,  one of leading Armenian  companies in iGaming 
Moscow reacts to gas overtures between Yerevan and Baku Moscow reacts to gas overtures between Yerevan and Baku 
Abgar Budaghyan: In 2040-2050, Armenia will be able to independently  meet its energy demand through NPP and renewable energy sourcesAbgar Budaghyan: In 2040-2050, Armenia will be able to independently  meet its energy demand through NPP and renewable energy sources
Expert: Armenia`s energy independence level  is about 27%Expert: Armenia`s energy independence level  is about 27%
Converse Bank bonds were bought in primary market within daysConverse Bank bonds were bought in primary market within days
ACBA Bank tops list of large taxpayers among Armenian banks in Q1  2024ACBA Bank tops list of large taxpayers among Armenian banks in Q1  2024
Armenia`s government plans introducing SAFE format Armenia`s government plans introducing SAFE format 
Armenia`s Civil Aviation Committee to render paid servicesArmenia`s Civil Aviation Committee to render paid services
New regulations for fulfillment of tax obligations of organizers  engaged in gaming activitiesNew regulations for fulfillment of tax obligations of organizers  engaged in gaming activities
New tax reporting mechanism to be introduced in Armenia New tax reporting mechanism to be introduced in Armenia 
RA government to return to initial route of laying Armenia-Georgia  power line with construction of electrical substation near Ddmashen  village RA government to return to initial route of laying Armenia-Georgia  power line with construction of electrical substation near Ddmashen  village 
Yerevan ready to discuss purchase of Azerbaijani gas with Baku -  SimonyanYerevan ready to discuss purchase of Azerbaijani gas with Baku -  Simonyan
Taxable jobs 5% up in Armenia Taxable jobs 5% up in Armenia 
Binance and Binance Academy announce large-scale online educational  project Binance and Binance Academy announce large-scale online educational  project "Crypto School"
ArmSwissBank Brings Apple Pay to CustomersArmSwissBank Brings Apple Pay to Customers
Armenia participates in 80th session of UNESCAPArmenia participates in 80th session of UNESCAP
34th session of FAO Regional Conference will take place on May 14-17,  202434th session of FAO Regional Conference will take place on May 14-17,  2024
Armenian Economy Minister offers Japanese side to expand cooperation  in agriculture and water resources managementArmenian Economy Minister offers Japanese side to expand cooperation  in agriculture and water resources management
Vassilis Maragos assures: All efforts to be made for further EU  assistance to Armenian NPP Vassilis Maragos assures: All efforts to be made for further EU  assistance to Armenian NPP 
Armenia to study Lithuania`s experience in energy sectorArmenia to study Lithuania`s experience in energy sector
Armenian banks` profit increased by 18.8% per annum in Q1 2024 thanks  to similar growth in loan portfolioArmenian banks` profit increased by 18.8% per annum in Q1 2024 thanks  to similar growth in loan portfolio
Caring for nature, we have started with ourselves - Team Telecom ArmeniaCaring for nature, we have started with ourselves - Team Telecom Armenia
Delegation of Armenia`s Ministry of Finance hold important meetings  in Washington Delegation of Armenia`s Ministry of Finance hold important meetings  in Washington 
Monitoring of effectiveness of budget programmes to be conducted in  Armenia Monitoring of effectiveness of budget programmes to be conducted in  Armenia 
Up to 10% cashback from GetTransfer with IDBank cardsUp to 10% cashback from GetTransfer with IDBank cards
South Africa expresses interest in developing cooperation with  Armenia in jewelry and cutting industry South Africa expresses interest in developing cooperation with  Armenia in jewelry and cutting industry 
Armenia, UAE discuss possibilities of increasing mutual trade volumesArmenia, UAE discuss possibilities of increasing mutual trade volumes
Yerevan is trying to demonstrate to its Anglo-Saxon `bosses` its  readiness to reduce economic cooperation with Iran - political  scientistYerevan is trying to demonstrate to its Anglo-Saxon `bosses` its  readiness to reduce economic cooperation with Iran - political  scientist
KfW stands ready to support Armenian government  in implementation of  new projectsKfW stands ready to support Armenian government  in implementation of  new projects
Cooperation with German Fichtner company discussed Cooperation with German Fichtner company discussed 
Armenia, China can record much greater results both in economic and  political dialogue and cultural cooperation - MPArmenia, China can record much greater results both in economic and  political dialogue and cultural cooperation - MP
U.S. capital important for Armenia`s mining industryU.S. capital important for Armenia`s mining industry
Expert: When there is no trust between private and public sectors,  unfortunately, there is no need to talk about right decisionsExpert: When there is no trust between private and public sectors,  unfortunately, there is no need to talk about right decisions
Armenia introduces new rules for labeling carbonated, non-carbonated  watersArmenia introduces new rules for labeling carbonated, non-carbonated  waters
Arsen Bazikyan: Armenia`s agriculture is transforming into  agribusinessArsen Bazikyan: Armenia`s agriculture is transforming into  agribusiness
Armenia to join e-CMR protocolArmenia to join e-CMR protocol
Armenia`s government changes Kaps reservoir project funding Armenia`s government changes Kaps reservoir project funding 
Armenian FM, minister of economy of Saudi Arabia discuss development  of economic ties Armenian FM, minister of economy of Saudi Arabia discuss development  of economic ties 
Read more


Exchange rates
02.05.2024
RUB4.220.06
USD387.63-0.37
EUR414.92-1.29
GBP485.04-1.51
CAD282.47-1.03
JPY25.000.27
CNY53.53-0.05
CHF425.22-0.50