In case of opening the border between Armenia and Turkey, the effect of economic growth can be up to 30 percent. The minister of economy of Armenia, Vahan Kerobyan, said this in an interview with RBC—and when asked whether there is any calculation of the economic effect if the aforementioned border is opened.

"Our team and the Institute of Economics are thinking, working. In addition, we also have international expert assessments on this matter. We expect that after the opening [of the Armenia-Turkey border], the effect of economic growth can be up to 30 percent; this is the direct effect of unblocking [regional] communications.

We see that now, in fact, import from Turkey is possible and allowed to Armenia, whereas export is not; that is, we [i.e., Armenia] will only win in this respect.

Of course, the political component is very important for having long-term peace. And now we are holding intensive negotiations with neighboring countries on this matter," Kerobyan said.