Republic of Armenia and the USA to sign Trade and Investment Treaty
On May 5 U.S. Ambassador to Armenia Richard Mills confirmed reports that a U.S.-Armenia Trade and Investment Treaty will be signed during President Sargsyan's working visit this week to Washington, DC, the final step in the negotiation of a bilateral economic accord long sought by the Armenian National Committee of America (ANCA), the American Chamber of Commerce in Armenia, and a Armenia-based U.S. businesses. ANCA official web-site informs about this.
Responding to questions from Yerkir Media's Vanuhi Avagyan at a press conference earlier today, Amb. Mills explained, "We are very pleased that progress is being made towards the signing of the TIFA agreement." He said the deal will result in "more opportunities for trade and business" between the two countries. Ambassador Mills went on to note, “I can assure you that the relationship between Armenia and the United States is very strong,” said Mills. “President Obama thinks this relationship is very important,” added the envoy.
In a letter sent this week to U.S. Trade Representative Michael Froman calling for a TIFA signing this week, ANCA Chairman Ken Hachikian outlined ten practical benefits of putting in place this government-to-government platform for dialogue about the growth of bilateral trade and investment.