Monday, March 18 2024 17:03
Alina Hovhannisyan

Armenian Economy Ministry, several U.S. government departments form  specific action program 

Armenian Economy Ministry, several U.S. government departments form  specific action program 

ArmInfo.A series of bilateral meetings took place in Washington between representatives of the Armenian  Ministry of Economy and the US public sector.

According to the press service of the department, the delegation of  the Ministry of Economy, headed by Deputy Minister Rafayel Gevorgyan,  met with representatives of the US State Department, the US Agency  for International Development, the US Departments of Agriculture,  Finance and Trade, the  Commerce Law Development Program (CLDP),   which is a division of the US Department of Commerce, and the  Organization of American States, US International Development Finance  Corporation.

The parties discussed the necessary steps to deepen economic  cooperation. In particular, following the results of each meeting, a  specific program of further actions was formed to deepen partnership  relations between Armenia and the United States in areas of mutual  interest. An agreement was reached to continue work in a number of  areas.

According to the source, the meeting took place within the freamwork  of the visit of the Armenian delegation to the United States to  participate in the Trade and Investment Framework Agreement (TIFA)  working group Council .

According to the RA Statistics Committee, foreign trade turnover  between Armenia and the United States increased by 45.1% in 2023, to  $670.1 million. At the same time, exports decreased by 38% to $48.5  million, while imports increased by 62.1% to $621.6 million.