DM Monitoring
BAKU: President of Azerbaijan Ilham Aliyev has raised the flag of Azerbaijan in the city of Shusha, Trend reports.
President Ilham Aliyev, First Lady Mehriban Aliyeva and their daughter Leyla Aliyeva visited the cultural capital of Azerbaijan, the city of Shusha, liberated from the Armenian occupation.
Meanwhile, The statement signed after the meeting of the Presidents of Russia, Azerbaijan, and the Prime Minister of Armenia in Moscow on January 11, 2021, creates new economic realities in the region.
As the President of Azerbaijan stressed, Azerbaijan created a new reality, which has already started to form the new economic relations and economic map in the region. The mentioned statement envisages the restoration of transport communications in the region.
Opening of the communications and development of trade and economic relations will benefit both the region and individual countries
As a result of the opening of communications, the share of Turkey in Armenia’s trade turnover may increase from three percent to 13 percent while the share of Azerbaijan – to 1 percent. At the same time, Azerbaijan’s export may grow by 1.2 billion manat ($705 million).
Armenia will be able to establish communication with Russia, which accounts for 25-30 percent of its trade turnover by using the transport capabilities of Azerbaijan in two directions (Gumri-Nakhchivan-Meghri-Baku and Yerevan-Gazakh-Baku). This statement is a great opportunity for Armenia, which has been under blockade for many years, to boost its economy.
According to Russian expert Vasily Koltashov, in the long term, in the next 20 years, the trade turnover will grow. “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,” said the expert.
“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.”
