Work

Crossroads of Peace: Advancing Regional Integration and Global Trade Through Post-Conflict Cooperation

Year: 2025

Type: article

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.

Source: Journal of Liberty and International Affairs Institute for Research and European Studies - Bitola

DOI: 10.47305/jlia.2025.1839

Authors: Gevorg Papoyan, Albert Hayrapetyan

Institution: Armenian State University of Economics

Language: English

Topic: Global Trade and Competitiveness

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Industry, innovation and infrastructure, Partnerships for the goals, Decent work and economic growth

Open Access status: gold

Estimated APC paid: $105