Newsfeed

Frank-Walter Steinmeier to travel to Armenia on June 29

Armenians and Azerbaijanis should take efforts towards peace, Pope Francis says

Opposition MP condemns political persecution against Zhirayr Sefilyan

Ancient Armenian city Ani may become UNESCO World Heritage Site

Tickets for Russian trains can be acquired at Yerevan railway station

"We Are the Owners of Our Country" initiative picketing Parliament building opposing ratification of agreement on joint air defense system with Russia

Pope Francis: "I am happy to have visited Armenia"

Sharmazanov: OSCE MG should react very strongly to Aliyev's refusal to implement arrangements made in Vienna and St. Petersburg

Pope Francis leaves Armenia ending his pastoral visit

Pope Francis and Catholicos of All Armenians visit Khor Virap Monastery at the foot of Ararat and launch doves of peace

Aliyev says Azerbaijani armed forces seized part of Karabakh districts during April aggression

Serzh Sargsyan: Pope Francis' calls for peace and tolerance are a powerful signal for peaceful settlement of regional problems

Serzh Sargsyan: I am sure we will find the best possible option of settlement for Nagorno-Karabakh people

President of Armenia calls on Armenians worldwide to unite to settle the three fundamental issues of the Armenian people

Karekin II and Pope Francis sign Common Declaration: "We express our hope for a peaceful resolution of the issues surrounding Nagorno-Karabakh"

Armenian President: We are grateful to Pope Francis for visiting Armenia and showing warm attitude to Armenian people

Vatican reacts to Turkey’s criticism: “Pope has never been on a Crusade, he tries to build peace rather than to wage war”

Pope Francis: “May the Armenian Church walk in peace and may the communion between us be complete.”

Karekin II: The processes of secularism are intensifying, spiritual and ethical values and views are distorted, and the family structure, established by God, is being shaken

Pontifical Divine Liturgy underway in the Mother See of Holy Etchmiadzin at the St. Trdat Open Air Altar

Ilham Aliyev: Nagorno-Karabakh will never get independence

Karekin II: More practical steps must be taken by Christian churches on the road to searching for peace

Pope to Armenian people: Your sufferings are our own

Pope Francis participates in ecumenical meeting with Patriarch of Armenian Apostolic Church, Karekin II, in Yerevan

Police make statement over recent detentions in Yerevan

Police confirm reports on detention of activist Shant Haroutiunyan's son

Detentions continue in Yerevan

Pope Francis sends telegram to Turkish president

Pope Francis visits Church visits Armenian Apostolic Cathedral of the Seven Wounds and the Holy Martyrs Armenian Catholic Cathedral in Gyumri.

Fr. Federico Lombardi, S.J. says Pope Francis speaks about past tragedies not to inflame wounds, but to help create grounds for reconciliation

Federico Lombardi says Pope Francis enjoyed magnificent view of Biblical Mount Ararat

Pope Francis visits Our Lady of Armenia Catholic Educational Center in Gyumri, Armenia

Pope Francis expresses his gratitude to religious and civil authorities of Armenia

Pope Francis talks to the faithful

Pope Francis delivers a homily in Gyumri

Venice Commission experts make remarks about new proposals on Electoral Code of Armenia

Arsen Khojoyan, who was taken captive in Azerbaijan, kills a 17-year-old girl in Armenia

Pope Francis holding his first Mass in Gyumri, Armenia

OSCE MG urges Azerbaijan and Armenia to remove all remaining obstacles to expanding OSCE CiO Personal Representative's mission

Pope Francis and Catholicos of All Armenians arrive in Gyumri

Pope Francis visits Tsitsernakaberd Memorial dedicated to Armenian Genocide victims

Monument to Grigor Narekatsi to be erected in Vatican, Director of Holy See Press Office Federico Lombardi says

OSCE CiO Frank-Walter Steinmeier is expected to travel to South Caucasus

President Serzh Sargsyan and His Holiness Pope Francis had private meeting

Pope quotes Charents: Our turquoise sky, our clear waters, the flood of light, the summer sun and the proud winter borealis... our age-old stones ... our ancient etched books which have become a prayer

Charge pressed against commander of serviceman driven to suicide

Souvenir sheet and mini-sheet with four stamps dedicated to visit of Pope Francis to Armenia put into circulation

Zurabishvili: Ankara has always supported Tbilisi's aspirations including integration into NATO

Naira Zohrabyan: It is necessary to suppress Turkish fascism

Nino Burjanadze: It is absolutely unfavorable for Georgia to join NATO now

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.

Send to a friend

To (e-mail)


Your name


Message


Comments

View comments (0)
  • READ ALL COMMENTS
  • POST A COMMENT

Be first to comment on this article

* Indicates required fields
Image of the day
Love papa