Turkey’s blocking of the Armenian-Turkish border inflicts $ 500 mln losses on Armenia. That was stated at the meeting of the chair of the Armenian parliament Armern Khachatrian with the German Bundestag deputy Irmgard Schwaetzer. Regarding its foreign policy, Armenia is guided with the aim to have friendly relations with all the countries, especially with neighboring states, the speaker of the Armenian parliament noted. The parties stated the establishment of economic relations among the region countries and their equal involving in international economic programs would assist in settlement of the conflicts in the South Caucasus.