Home > Latest News > Sea of opportunity: Experts say international conventions on landlocked countries could improve Armenian foreign trade

Sea of opportunity: Experts say international conventions on landlocked countries could improve Armenian foreign trade

January 10, 2013 Leave a comment Go to comments

An expert in Yerevan believes that the upcoming visit by Georgia’s new Prime Minister Bidzina Ivanishvili to Armenia is a good occasion to discuss a fair application of international conventions that would improve trade opportunities for the landlocked South Caucasus country.

The bulk of Armenian trade is currently conducted through Georgia, which has at least two major operating seaports – Poti and Batumi. Arguably high transportation costs and other problems connected with the transit of goods have been a constant concern for Armenian entrepreneurs engaged in importing businesses.

The Convention on Transit Trade of Landlocked States adopted in New York in 1965 and the 1982 UN Convention on the Law of the Sea enable landlocked countries like Armenia to have ships and vessels sailing under their own flags.

Armenian News

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