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US Trade Mission Ready To Negotiate Trade Programs With Armenia

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  • US Trade Mission Ready To Negotiate Trade Programs With Armenia

    US TRADE MISSION READY TO NEGOTIATE TRADE PROGRAMS WITH ARMENIA

    ARKA
    Oct 13, 2008

    YEREVAN, October 13. /ARKA/. At her meeting with RA Premier Tigran
    Sargsyan, US Trade Representative, Ambassadress Susan Schwab stated
    that the Office of the US Trade Representative is conducting economic
    research in Armenia and is ready to begin negotiations over new
    business tools for implementing various trade projects.

    The RA Premier is on a working visit to Washington, USA, to take
    part in an annual forum of the World Bank (WB) and the International
    Monetary Fund (IMF).

    Diana Mnatsakanyan, Press Secretary of the RA Premier, reported that
    Ms. Schwab made the statement in answer to the RA Premier's question
    concerning the specific fields intergovernmental agreements can be
    signed on for the Armenian-American trade and economic relations to
    reach a new level.

    Ms. Schwab proposed forming a task group and holding expert
    negotiations.

    The RA Premier stressed that the IT sector is most interesting, and
    various US organizations have made large-scale investments in this
    field over the recent years.

    The RA Ministry of Economy estimates minimum annual foreign investments
    in Armenia's IT sector at $10mln. About 190 organizations are actively
    working in the country's IT sector.
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