Turkey and Armenia move closer to direct trade links in sign of warming ties
The move allows third-country goods to be labeled as Turkish or Armenian as Ankara and Yerevan continue talks on reopening border crossings.
- On Wednesday, Turkey lifted customs restrictions on Armenia, enabling direct trade links between the two countries after over 30 years of strained relations.
- Supporting its ally Azerbaijan during the Nagorno-Karabakh conflict, Turkey closed its border in 1993, ending formal diplomatic ties amid historical hostility dating back to World War One.
- Recently, the two countries signed a memorandum to restore the 10th-century Ani Bridge, and Armenian Foreign Ministry spokesperson Ani Badalyan called the trade decision "significant for expanding trade and business ties."
- Turkish Foreign Ministry spokesperson Oncu Keceli confirmed work continues on reopening the 311 km border, though Ankara conditions the frontier's opening on a formal peace treaty between Armenia and Azerbaijan.
- Although Armenia relies heavily on energy from Russia and Iran, the two nations have yet to finalize a formal peace agreement despite a U.S.-brokered pact reached last August.
39 Articles
39 Articles
Turkey has taken a further step towards reconciliation with Armenia and normalization of its relations by lifting the embargo on its eastern neighbour and allowing direct trade with him. This measure is part of the negotiations that both countries have been holding for a long time in order to establish full diplomatic ties and reopen the land border that they share.
Turkey and Armenia move closer to direct trade links in sign of warming ties
Turkey lifted some customs restrictions on Armenia on Wednesday, paving the way for direct trade links between the two countries in a further sign of normalising ties after over 30 years of strained relations. Turkey was one of the first countries to recognise Armenia’s independence from the Soviet Union in 1991, but it closed its border and halted direct trade with its neighbour in 1993 in support of its close ally Azerbaijan in the Nagorno-Kar…
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