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Friday, October 9, 2009

Turkey, Armenia to sign historic accord

After years of hostility, Armenia and Turkey are expected to sign a historic accord that would, among other things, improve security in the South Caucasus.

The signing of the accord is to be held on Saturday in Zurich without any preconditions.

The agreement would bolster Turkey's standing with the European Union, which it hopes to join.

The agreement would also boost the poverty-stricken economy of landlocked Armenia, and prompt improvement in security of the South Caucasus, a key transit corridor for oil and gas to the West.

Diplomatic relations broke off between Turkey and Armenia more than 15 years ago, during Armenia's war with Azerbaijan.

Tension between Armenia and Turkey dates back to the World War I-era allegations that the Ottomans committed genocide against Armenians.

US Secretary of State Hillary Rodham Clinton will attend the signing of the agreement between the two nations.

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