Economic Cooperation in the South Caucasus
By Benyamin POGHOSYAN, PhD, Chairman, Center for Political and Economic Strategic Studies
Economic cooperation in the South Caucasus may bring lasting stability if vital interests are taken into account.
Regional economic cooperation in the South Caucasus has always been the focus of international organizations and external powers as a tangible way to stabilize the region and pave the way for conflict settlement. After the end of the first Karabakh war in 1994, in close cooperation with Turkey and under strong US support, Azerbaijan launched several regional infrastructure projects—oil and gas pipelines and railways connecting Azerbaijan with Turkey via Georgia. Azerbaijan and Turkey excluded Armenia from these projects and imposed an economic blockade, viewing this exclusion as a tool to force Armenia to give up Nagorno Karabakh. READ MORE
| External Relations | The Caucasus and the Black Sea
