Friday, March 24 2023 13:25

ArmInfo.The American Chamber of Commerce in Armenia (AmCham), in cooperation with the member-companies, is introducing new standards into Armenia's  business culture, Armenia's Minister of Economy Vahan Kerobyan stated  at an AmCham-hosted meeting. 

Mr Kerobyan reminded the attendees of 12.6% GDP growth in Armenia  last year, with the government programmes seriously contributing to  it. In this context, the minister emphasized the economic  modernization programme, with 901 deals worth over AMD 56bln effected  last year.  

Among the new important initiatives is the government-approved food  security strategy of Armenia. 

At the meeting, the AmCham summed up its activities over the last two  years, presented the priorities and planned programmes. 

The American Chamber of Commerce in Armenia (AmCham) is a totally  independent and self-financed business association. AmCham is honored  to work closely with the American Embassy in Armenia and to have it  as an ex-officio member of the Board of Directors. However, it is not  supported financially neither controlled by the American Embassy in  Armenia.

The American Chamber of Commerce in Armenia is the leading business  association in the country with 140+ members from all business  segments. AmCham has been operating in Armenia continuously since  2000. Through advocacy efforts aimed at such areas as tax legislation  and customs administration, AmCham represents its members' business  interests in Armenia to the Armenian government, international  organizations and to the wider business community. AmCham is pleased  to have also British, French and other European companies as members.  The Chamber maintains cordial contacts with European and other  embassies and organizations.

AmCham provides an excellent source of information about Armenian  business life by publishing the only English-language business  magazine in Armenia and by hosting guest speakers from the Armenian  government, international organizations and from leading businesses.

Last year, Armenia saw a 12.6% GDP growth (up to $19.5bln) against  5.7% in 2021, 7.6% in 2019. The capita GDP is $6,569.