Search within this web site:

 
you are here ::

home :: Asia :: Armenia :: Economy :: Trade

Economy, Trade

Nagorno-Karabakh, Soviet republics, cease-fire, regional trade, Political instability

The Soviet Unionís central planning distorted Armeniaís trading relationships, making it highly dependent upon exchanges with other republics in the USSR. Realigning trade patterns wasnít possible for several years after independence. Political instability in Georgia and a closed border with Azerbaijan precluded most trade with former Soviet republics. Turkey shut its borders in sympathy with Azerbaijan, closing Armeniaís best outlet to western countries. To the south Iran became an increasingly important trading partner, even though Iran itself was isolated from many countries. By the mid-1990s a cease-fire in Nagorno-Karabakh allowed Turkey to begin to soften its blockade. The gradual return to stability in the region is brightening the prospects of Armenia, which is geographically positioned to become an important center for regional trade.



Article key phrases:

Nagorno-Karabakh, Soviet republics, cease-fire, regional trade, Political instability, sympathy, USSR, blockade, borders, independence, Azerbaijan, Turkey, Georgia, western countries, exchanges, years

 
 

Search within this web site: