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Rebels burn two police cars on territory of seized building

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Oppositionists at Khorenatsi Street demand from Armenian authorities to refute information that armed groups from Chechen Republic are arrivING in the country

In H1, Anelik Bank registered growth of incoming money transfers by 26% y-o-y amid growth of outgoing transfers by 41% y-o-y

Charges pressed against three citizens for using violence against policemen in Yerevan

Founding Parliament: Helicopters of the 102nd Russian military base are on the way to Yerevan

National Security Service of Armenia reports new detentions and exposure of criminal group tied with "Daredevils of Sasoun"

Charges pressed against six citizens, another six citizens detained related to mass disorders in Yerevan

Delegation of Armenian Armed Forces General Staff travels to Minsk

National Security Service of Armenia calls on "Daredevils of Sasoun" to display their reasonableness, put down arms and surrender

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Members of opposition group threaten with civil disobedience throughout Armenia

Viva-Cell MTS offers roaming in Europe at special tariffs

TUMO Center for Creative Technologies to open in Koghb, near border village in Tavush region

Vitaly Balasanyan assures: President will invite Jirayr Sefilyan for a talk, after "Daredevils of Sasoun" put down arms and surrender

Democratic Party of Armenia comes out from political position, as standoff continues in Yerevan

Azerbaijan keeps violating ceasefire on Karabakh-Azerbaijan Line of Contact

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Serviceman of NKR Defense Army killed from adversary's shot

Group of journalists arrives at seized building of the Police Patrol Service Regiment

Investigative Committee: Charges pressed against three citizens of Armenia for participation in mass disorders

"Sasna Tsrer" released the rest two hostages -Osipyan and Yeghiazaryan

Russian Foreign Ministry criticized EU's statement on events in Yerevan

Major General Vitaly Balasanyan provides details of his meeting with "Daredevils of Sasoun"

Armenian Foreign Ministry verifying if there were citizens of Armenia among Munich shooting casualties

National Security of Armenia confirms: Members of armed group voluntarily release two of four hostages

National Security Service of Armenia says two persons tied to armed group detained

Nikol Pashinyan: Levon Ter-Petrosyan and Serzh Sargsyan plot yielding territories around Nagorno Karabakh to Azerbaijan

"Daredevils of Sasoun" reportedly releases two of four hostages

NKR Defense Army soldier wounded, as Azerbaijan violates ceasefire

Armenia and UAE sign agreement to boost and protect investments

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Galust Sahakyan: Talks on possible resignation of Armenian government are rumors

Russian political scientist: Destabilization of situation and pressure on authorities prevail in "Sasna Tsrer" group's actions

Statements that five districts adjacent to Nagorno Karabakh will be passed to Azerbaijan exert pressure on the process, Bryza says

Levon Ter-Petrosyan: It is senseless to analyze the reasons that led to armed seizure of state building

President: In Armenia problems are not settled through brutal force and hostage taking - this situation continues longer than we can afford

Serzh Sargsyan: Punishment of those guilty inevitable

Newspaper: After talks with "Daredevils of Sasoun," Vitaly Balasanyan met with Serzh Sargsyan

Social media warn: physical attack prepared on Nikol Pashinyan

Views from Tel Aviv: Loss of control over country may push external powers to settle Karabakh conflict not in favor of Armenian people

Armenia's Defense Ministry confirms: Azerbaijani side targets school in near border village of Movses

Maria Zakharova slams Armenian and Azerbaijani journalists

Azerbaijan keeps intensively violating ceasefire on Line of Contact

Republican Party of Armenia for peaceful resolution of standoff and hostage situation in Yerevan

Night was calm near seized building of Patrol Police Station in Yerevan

Government of Armenia dismisses idea of creating "Aviation Code"

Regional

ANCA calls for increased US aid and trade with Armenia

  • Friday, January 18, 20:03

 The Armenian National Committee of America (ANCA) has called on members Congress to appropriate increased economic assistance for Armenia and to expand programs to promote U.S.-Armenia bilateral trade and investment.

Among the favorable findings referenced by the ANCA, in a letter sent this week to legislative offices calling for expanded trade promotion and increased assistance to Armenia, were the following:

- The World Bank, in its 2013 Doing Business report, ranked Armenia #32 worldwide in terms of overall ease of doing business, #11 for ease of starting a business, and #4 for ease of registering property.

- The Wall Street Journal/Heritage Foundation's 2013 Index of Economic Freedom rates Armenia #38 worldwide, and #17 among the 43 European states, ahead of Belgium, France, and Spain.

- The World Economic Forum's 2012 Global Enabling Trade Report ranks Armenia #13 worldwide for market access and #59 in terms of the overall extent to which it has developed institutions, policies, and services facilitating the free flow of goods over borders.

- Price Waterhouse Cooper, in its most recent Doing Business in Armenia guide, reported that, "Armenia encourages foreign trade and investment," and that, "[s]urveys suggest that Armenia is a relatively easy country in which to do business."

- The Millennium Challenge Corporation's 2013 scorecard reports that Armenia is rated in the 97th percentile in terms of both favorable trade policy and business start up, and in the 91st percentile with regard to regulatory quality.

- Freedom House, in its 2013 report on Freedom in the World, upgraded Armenia to a 5 rating for political rights.

In addition to these favorable indicators, Armenia has been a strong security partner for the United States, having sent troops to support US-led coalition efforts in Iraq, to assist NATO operations in Afghanistan, and to take part in international peacekeeping in Kosovo.

In terms of trade promotion, the ANCA - along with the American Chamber of Commerce in Armenia and major corporations, including Microsoft, FedEx, and NASDAQ - have called on the U.S.  government to respond favorably to the Armenian government's interest in negotiating a badly-needed U.S.-Armenia Trade and Investment Framework Agreement and a long-overdue Double Tax Treaty. The ANCA looks to the Obama Administration to honor the President's commitments to expand U.S.-Armenia trade and investment, and is calling upon Congress to support the growth of mutually beneficial economic bilateral relations.

The legislative memo noted that, "it is in this spirit, and upon the solid foundation and friendship of the past two decades, that we call upon you to support the appropriation of increased economic assistance for Armenia and the expansion of programs to promote mutually beneficial U.S-Armenia bilateral trade and investment (such as a badly-needed U.S.-Armenia Trade and Investment Framework greement and a long-overdue Double Tax Treaty)."

The level of US aid to Armenia, which hit a high of $174 million in Fiscal Year 2003, has been steadily declining over the past two decades, as a result of both calls by successive Administrations for cuts, and growing Congressional pressure for reductions in spending. The Obama Administration, which came into office with aid levels at more than $60 million, has, despite the President's campaign pledge to maintain assistance to Armenia, sought reductions in the Armenia aid program. The overall economic and military aid level for Armenia in the most recent appropriations cycle is less than $45 million. The ANCA is asking for at least $50 million in FY2014 aid to Armenia. The President's proposed FY14 budget will be released in the coming weeks.

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