YEREVAN, AUGUST 17, ARMENPRESS. Trade and Investment Framework Agreement between the Government of the United States of America and the Government of the Republic of Armenia will provide a possibility of strengthening bilateral trade and economic relations between the two countries, developing the economy of Armenia as the freest in the region.   

The ANCA Responsible for Media Elizabeth Chuljian expressed such an opinion in her talk with Armenpress.

“Mutually beneficial trade ties will contribute to strengthening the bilateral relations between the governments of the USA and Armenia. Most importantly this will contribute  to passing from assistance to trade-based relations between the USA and Armenia”, she said,  adding that the delegation of US Secretary’s Office of Global Partnerships will arrive in Armenia in October. The latter will study the possibilities of investments in the sphere of renewable energy.

The ANCA has called on improvement of Armenian-American economic relations since 2005. “The United States Department of State and Energy urged the American investors interested in renewable energy to visit Armenia in October and make investments there.”, said Chuljian.

According to her, the ANCA will continue working on signing a new tax agreement between the USA and Armenia. “We want to make sure that the American investors, doing business in Armenia, will not be obliged to pay double taxes. We must sign a new agreement for that. The current document is not sufficient.”