Crossroads of Peace: Advancing Regional Integration and Global Trade Through Post-Conflict Cooperation
Crossroads of Peace: Advancing Regional Integration and Global Trade Through Post-Conflict Cooperation
Author(s): Gevorg Papoyan, Albert HayrapetyanSubject(s): Politics / Political Sciences, Politics, Economy, Law, Constitution, Jurisprudence, National Economy, Supranational / Global Economy, International Law, Political Theory, Political Sciences, Governance, Public Law, Economic policy, International relations/trade, Welfare systems, Developing nations, Political economy, Political psychology, Politics and law, Politics and communication, Politics and society, Comparative politics, Law on Economics, Public Finances, Tourism, Socio-Economic Research, Geopolitics, Commercial Law
Published by: Institute for Research and European Studies - Bitola
Keywords: Crossroads of Peace; Armenia; Türkiye; Azerbaijan; Regional Trade; Export Similarity Index; Trade Complementarity Index; Freedom of Movement
Summary/Abstract: This article examines the potential economic benefits of the Crossroads of Peace (CoP) initiative proposed by the Government of Armenia. To assess regional trade dynamics, three indicators were applied: the Export Similarity Index (ESI), the Trade Complementarity Index (TCI), and the Revealed Comparative Advantage (RCA). The findings reveal that the ESI between Armenia and its regional partners, Türkiye and Azerbaijan, is 0.25, indicating minimal competition in export markets. In contrast, the TCI score of 0.5 from the region to Armenia suggests a relatively higher degree of complementarity, highlighting stronger opportunities for regional exports to Armenia than vice versa. Furthermore, Armenia’s projected trade volume with Türkiye in 2024 is estimated at USD 787 million, underscoring the initiative’s potential to foster significant economic exchange.
Journal: Journal of Liberty and International Affairs
- Issue Year: 11/2025
- Issue No: 2
- Page Range: 54-78
- Page Count: 25
- Language: English
