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BAKU, Azerbaijan, November 17. Azerbaijan’s
regaining of Karabakh, a territory long held by Armenia, presents a
unique opportunity for regional stability and economic development,
Janusz Bugajski, a senior fellow at the Jamestown Foundation, wrote
in his article for Politico, Trend reports.
The author noted that international reports, including those
from a UN mission, suggest that the Azerbaijani Army, in reclaiming
Karabakh, avoided targeting civilians, thus, no statement regarding
the alleged “ethnic cleansing” are true. Instead, much of the
Armenian population’s exodus resulted from evacuations and the
organization of citizens to leave by separatist “leaders”, he
added.
Moreover, Bugajski pointed out that, the Zangezur Corridor
connecting Azerbaijan with its exclave of Nakhchivan, could emerge
as a vital trade route, linking the Caspian Basin directly with
Türkiye and NATO territory.
“Economic development across the Caucasus region could then be
boosted by the development of trade ties between Baku and Yerevan,
full diplomatic relations between Armenia and Türkiye, and the
design of a new regional development agenda. For example, opening
new energy pipelines between the Caspian Sea and Turkey would
particularly assist all regional economies, with Armenia no longer
excluded from transit. And as an expanding energy and trade hub
with intensified links to Europe and the US, Azerbaijan could help
enhance Armenia’s economic development,” the author noted.
According to analyst, Azerbaijan, as an expanding energy and
trade hub with intensified links to Europe and the US, could play a
crucial role in fostering Armenia’s economic development. Stability
and cooperation in the region would attract capital inflow and
Western investment, reducing dependence on Russia and offering
protection from China’s economic dominance, he said.
“After 30 years of instability, this historical crossroads
between the Black and Caspian seas now has the chance to tighten
its political and economic links with the transatlantic world,” the
author said.
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