[ad_1]
Baku, Azerbaijan, Jan.15
By Asif Mehman – Trend:
The assertion signed after the assembly of the Presidents of Russia, Azerbaijan, and the Prime Minister of Armenia in Moscow on January 11, 2021, creates new financial realities within the area, Trend reviews.
As the President of Azerbaijan harassed, Azerbaijan created a brand new actuality, which has already began to kind the brand new financial relations and financial map within the area.
The talked about assertion envisages the restoration of transport communications within the area.
Opening of the communications and growth of commerce and financial relations will profit each the area and particular person international locations
As a results of the opening of communications, the share of Turkey in Armenia’s commerce turnover could enhance from three % to 13 % whereas the share of Azerbaijan – to 1 %. At the identical time, Azerbaijan’s export could develop by 1.2 billion manat ($705 million).
Armenia will be capable of set up communication with Russia, which accounts for 25-30 % of its commerce turnover through the use of the transport capabilities of Azerbaijan in two instructions (Gumri-Nakhchivan-Meghri-Baku and Yerevan-Gazakh-Baku). This assertion is a good alternative for Armenia, which has been underneath blockade for a few years, to spice up its financial system.
South Caucasus enters a brand new financial period
According to Russian knowledgeable Vasily Koltashov, in the long run, within the subsequent 20 years, the commerce turnover will develop. “We’re entering a period of economic recovery, where the era of crisis ends. It’s already possible to begin the development of this region, which connects a number of Eurasian markets,” mentioned the knowledgeable. “First of all, here we are talking about the Turkish market, the market of Russia and Iran. Obviously, there are some contradictions between these three states, Russia and Turkey, Turkey, and Iran. Consequently, these regions will be interconnected.”
Azerbaijan’s President Ilham Aliyev has created a terrific alternative for Armenia to develop
According to Azerbaijani parliament’s member, financial knowledgeable, Professor Rufat Guliyev, the opening of financial and transport communications within the area will result in a major discount in the price of cargo transportation.
“Armenia should be most interested in the opening. The agreement between the countries will positively affect the economy of Armenia, the welfare of its people,” he mentioned commenting on the agreements reached by the Presidents of Azerbaijan, Russia, and the Prime Minister of Armenia on the small print of opening the communications on January 11, 2020.
He reminded that at the moment logistics between the Nakhchivan Autonomous Republic and different territories of Azerbaijan is carried out by air and thru the territory of Iran, however owing to the agreements a direct land communication shall be additionally created between them and Turkey alongside the borderline between Armenia and Iran (Meghri hall).
Business in Azerbaijan, Russia, and Armenia will develop
The Russian political analyst Darya Grevtsova harassed that as new logistics routes will go by way of Azerbaijan, it will likely be helpful for Azerbaijan, Russia, and Armenia. All these infrastructure tasks may have a constructive influence on its financial growth as new roads imply an influx of investments and enterprise growth wherever they go.
Grevtsova added that the working group might want to resolve a number of duties.
“First, it is necessary to determine on the map where these roads will pass and how difficult it is geographically, in terms of the landscape, to build them,” the analyst mentioned. “Secondly, it is necessary to determine the main contractors who will build the roads – Russian, Azerbaijani, Armenian or Turkish companies.”
Azerbaijan created a brand new actuality that defines the financial structure of the area
Head of the Azerbaijani Center for Analysis of Economic Reforms and Communication, Doctor of Economic Sciences Vusal Gasimli mentioned that the opening of communications within the area can enhance Azerbaijan’s non-oil GDP by two %, processing trade by three %, and mining trade by 2.7 %.
“The calculations based on the general equilibrium model show that the reintegration of the Nagorno-Karabakh region into the Azerbaijani economy in the medium term will have a positive impact on agriculture (an increase of 10.4 percent), tourism (an increase of 5.5 percent), the mining industry (an increase of 5.3 percent), transport services (an increase of 4.9 percent), manufacturing industry (an increase of 4.3 percent) and other services (an increase of 1.4 percent) while the formation of non-oil GDP as a whole will increase by 5.1 percent,” Gasimli mentioned.
He famous that the European Union was based mostly on coal mining and metal manufacturing settlement.
“The opening of communications in accordance with the new reality created by Azerbaijan in this region lays the foundation for peace, security, stability, prosperity and mutually beneficial cooperation, which means an inflow of investments and sustainable development,” the pinnacle of the Center mentioned.
“Now, the projected communication projects will form the future transport and energy map of the region, as well as the economic, political, and strategic architecture in general,” added Gasimli.
[ad_2]
Source link
