Wednesday, September 16 2020 18:18

ArmInfo. Armenia and the United States discussed a wide range of issues of mutual interest during the 3rd meeting of the joint Council on Trade and Investment.   This was reported by the press service of the RA Ministry of Economy.

In particular, according to the source, during the meeting, the  parties raised issues related to technical barriers to trade, a  generalized system of privileges provided to Armenia by the United  States (GSP), sanitary and phytosanitary requirements for import to  the United States, negotiations within the WTO, cooperation in the  field of trade diplomacy, as well as possible areas of industry  cooperation in connection with COVID-19, etc.

The session was chaired by Deputy Minister of Economy Varos Simonyan  from Armenia and the Assistant Trade Representative Daniel Mullaney  from the United States.  Armenian Ambassador to the United States  Varuzhan Nersesian and the United States Ambassador to Armenia Lynne  Tracy participated in the session.

According to the report, the joint Armenia-US Council on Trade and  Investment  was founded in 2015 on the basis of the framework  agreement on trade and investment signed between the governments of  the Republic of Armenia and the United States of America, with the  aim of strengthening and further deepening the Armenian-American  trade, economic and investment cooperation, identifying obstacles,  expanding and diversifying trade in goods and services between the  parties.  

To note, according to the data of the RA Statistical Committee, the  foreign trade turnover between the RA and the USA in January July  this year decreased by 50.6%, amounting to $ 69.5 million. At the  same time, exports showed an increase of 11.3% to $ 33.7 million,  while imports fell by 67.6 %% to $ 35.8 million