Open borders and better logistics could positively affect Armenia’s trade prospects– EBRD Managing Director

YEREVAN, November 27. /ARKA/. Open borders and better logistics could positively affect trade prospects, especially because Armenia has access to the EU market through the Comprehensive and Enhanced Partnership Agreement and to the central Asian markets of the members of the Euroasian economic union. Elisabetta Falchetti, Managing Director of the European Bank for Reconstruction and Development (EBRD) for Turkey and the Caucasus, stated this in an interview with the ARKA news agency.

According to her, as a small and landlocked market Armenia has been additionally disadvantaged by geopolitical challenges.

‘’The borders with two of its neighbours are closed, and international sanctions on the third neighbour, Iran, limits trade in that direction. Since February 2022, economic sanctions on Russia introduced by many developed economies put the trade with Armenia’s biggest export market on a risky ground. Therefore, there are great opportunities in the case of improving geopolitical situation in the region,’’ explained Falchetti.