Proceedings of the International scientific and practical conference ―Frontiers of Global Knowledge‖ (July 20-22, 2026) / Publisher website: www.naukainfo.com. – Geneva, Switzerland, 2026. - 122 p.

5 ECONOMIC THEORY, MACRO- AND REGIONAL ECONOMY UDC 327.3/339.5 Hasmik Hovhanesian PhD, Docent Yerevan Educational Institute of the National University of Western Ukraine Department: Finance, Accounting and Audit Docent, Economics and International Economic Relations Department of Yerevan State University President of the Union of Young Economists of Armenia Meri Najaryan PhD, Docent, Acting Chair of Social Sciences of Armenian National Agrarian University ARMENIA-TÜRKIYE RELATIONS: THE SIGNIFICANCE FOR ARMENIAAND REGIONAL SECURITY Abstract. This article examines Armenia-Türkiye relations since the independence of Armenia, focusing on the political, geopolitical, and socio-economic issues for Armenia. It also includes historical evolution of bilateral relations, structure of trade and tourism ties, and the possible impacts of reopening the Armenia-Türkiye border. The article argues that border reopening may create opportunities for trade, tourism, and lower transport costs, but also substantial risks for Armenia's domestic producers, labour market, economic and political sovereignty, and regional security. Keywords: armenia-Türkiye relations, regional security, border reopening, normalization, foreign trade, Problem Statement Armenia-Turkey relations have bilateral political and economic aspects, but they also have a broader regional security dimension for the South Caucasus. Over the past eight years, Armenia-Turkey relations have regained their importance for policymakers and scholars through renewed diplomatic contacts, discussions on communication channels, and broader regional outreach initiatives. The main problem with analyzing Armenia-Turkey relations is that they are viewed either from an overly optimistic economic perspective or simply as a geopolitical confrontation, while this approach does not help to reveal the complexity of the relationship between the two countries. In addition, the possible opening of the Armenian- Turkish border cannot be viewed in isolation from Turkey‘s strategic goals in the region and the rest of Asia, Armenian-Azerbaijani negotiations, the geopolitical interests of third countries, as well as the structural asymmetry of the economies of Armenia and Turkey. Therefore, a comprehensive analysis is needed that includes historical, political, economic, and security factors. The aim of this article is to analyze how relations between Armenia and Turkey have developed since the beginning of 1991, to examine the nature of economic ties between the two countries, and to consider the impact of the settlement and reopening of the border on the stability of Armenia and the region. To achieve this goal, the article will perform three tasks: to analyze the historical and geopolitical context of relations between Armenia and Turkey, to analyze trade and tourism relations between the two countries, and to analyze the consequences of the reopening of the border. Historical evolution of Armenia-Türkiye relations since 1991 After the collapse of the Soviet Union in 1991, following Armenia's independence, Turkey was one of the first states to recognize Armenia. However, diplomatic relations were not established, as Turkey presented a number of preconditions for Armenia's recognition, including the settlement of the Nagorno- Karabakh conflict based on the territorial integrity of Azerbaijan, the recognition of the existing Armenian- Turkish border, and the postponement of the recognition of the Armenian Genocide as a second priority for diplomacy, which were rejected by Armenia. Thus, from April 3, 1993, the border between Armenia and Turkey was completely closed, including all three checkpoints [1]. However, bilateral relations in terms of