ArmInfo. "Often we hear from Armenian entrepreneurs about the lack of business awareness about the opportunities provided by the Generalized System of Preferences - GSP," said US Ambassador to Armenia Richard Mills. In order to fill this gap, the Armenian-American Chamber of Commerce together with the US Embassy in Armenia September 13 held a forum on "Export Opportunities of Armenian Products under the GSP Program" in Yerevan.
According to the ambassador, during the last two years as the ambassador the priority task of his activity was to strengthen economic and trade relations between Armenia and the United States. In this context, Ambassador Mills is pleased to welcome two senior representatives of the Office of the US Trade Representative in Armenia, who arrived in Armenia to present the opportunities provided under the GSP for the republic.
Already at this stage, according to the head of the American diplomatic mission, 60% of the export from Armenia to the USA are carried out within the framework of this system of preferences - starting with aluminum foil, jewelry, jam, etc. "We hope that Armenian entrepreneurs more actively take advantage of all the opportunities provided by the system," Richard Mills said.
The GSP (Generalized System of Preferences) program was adopted in the United States in 1974 to stimulate economic growth in developing countries. Within the framework of the system, import of goods (about 3,500 names) in the US under preferential conditions - in duty-free mode, is carried out from 129 countries of the world, including from Armenia. According to the US embassy in RA, Armenian products exported to the United States under the GSP are estimated at $ 25 million.