Türkiye and Armenia Initiate Official Bilateral Trade

(Mamie Powers – The Jamestown Foundation) Türkiye announced that preparations for official bilateral trade with Armenia were completed on May 11. Goods no longer need to be reregistered in a third country before reaching their final destination when moving between the two countries. Armenia and Türkiye are slowly advancing their normalization, and initiating official bilateral trade is a major milestone. Friendlier economic relations, especially in trade and transit, are an important part of this process. The normalization process between Armenia and Türkiye is highly contingent on the Armenia–Azerbaijan relationship. Azerbaijani and Turkish officials have stated that Türkiye’s land borders with Armenia could be opened following Armenia’s June 7 parliamentary elections. – Türkiye and Armenia Initiate Official Bilateral Trade – Jamestown