Armenian Premier: Opening of Armenian-Turkish border will have positive effect on Armenian economy

"If we have an alternative way which will help us connect to Europe and other countries of the region by the railroad, this will raise independence of our economic system", said he Friday at the seminar for young specialists "Crisis as an opportunity", organized by the fund "Financial-banking college".

According to Sargsyan, today Armenia is extremely dependent on Georgian infrastructures as the two thirds of its external turnover is carried via Georgia.

"Dependence in this aspect is extremely negative and our neighbor makes use of it as transaction expenses are too high and we fail to reduce them", said he and added that transportation of goods from any point of the world to Pati or Batumi is twice as cheap as from Poti and Batumi to Armenia.

In this connection, the Armenian Premier said a monopoly situation is being formed in Georgia and this country abuse it.

"Naturally, if we have alternative ways, our independence will grow dramatically, transaction expenses will reduce sharply and we will have cheaper ways and the overall macro-environment for business will change. Most spheres of Armenian economy will be competitive, which is currently not observed due to transportation charges and in this connection most kinds of goods are impossible to transport", explained he.

At the same time, Sargsyan is confident that "no wonders will happen, time will be required for creation of the due enterprises and investments" right after the opening of the Armenian-Turkish border.

/Novosti-Armenia/