Tuesday, April 4 2023 15:21
Alina Hovhannisyan

Armenia, U.S. discuss possibilities of exporting through Generalized  System of Preferences 

Armenia, U.S. discuss possibilities of exporting through Generalized  System of Preferences 

ArmInfo.Armenian Minister of Economy Vahan Kerobyan received Jason Buntin,  Director for Europe and Middle East Affairs at the Office of the United States Trade  Representative (USTR), and Laura Buffo, Deputy Assistant US Trade  Representative for Generalized System of Preferences (GSP).

As Kerobyan himself said on his Facebook page, during the meeting  with representatives of the USTR, a wide range of issues on the  agenda of the Armenian-American economic cooperation was discussed.  In particular, the interlocutors touched upon issues related to  strengthening economic ties between Armenia and the United States,  increasing trade turnover and diversifying exports, as well as  exporting goods through the Generalized System of Preferences (GSP).

It should be noted that according to the RA Statistical Committee,  the foreign trade turnover between Armenia and the United States in  2022 increased 2.2-fold, amounting to $464.7 million.  At the same  time, exports decreased by 4.4% to $78.2 million, while imports  increase of 3.1-fold to $386.5 million.