The United States and Armenia will likely sign a framework agreement on bilateral trade and investments during President Serzh Sarkisian’s visit to Washington this week, a senior U.S. diplomat said on Tuesday.
“We are very pleased that progress is being made towards the signing of the agreement,” Richard Mills, the U.S. ambassador in Yerevan, told a news conference. He said the deal will result in “more opportunities for trade and business” between the two countries.
The Armenian government formally approved the deal but gave few of its details last Thursday. Government officials said only that it envisages the creation of a U.S.-Armenian intergovernmental body that will seek to identify and eliminate obstacles to closer commercial ties. Many of them stem from Armenia’s flawed business environment.
Armenian News
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