RAISING OF BLOCKADE AGAINST ARMENIA TO ALLOW AZERBAIJAN TO INCREASE EXPORT VOLUME BY 11%

The raising of the Armenian blockade by Azerbaijan will allow increasing the Azerbaijani export by 11%. The report developed by the International currency fund and the World Bank states that. According to the document, The raising of the blockade will result in Armenian export doubling and cutting of trade deficit. The perspective of heaving railway communication through Azerbaijan seems at first to result in losses due to reduction of transit fares for Georgia. “But when region stability has been established and the cooperation has been expanded, Georgia undoubtedly will have its profits”, is stated in the report. In the document is also noted that if the trade relations are normalized, Armenia will be able to export energy to Turkey.