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ANCA Welcomes AmCham's Call for New U.S.-Armenia Trade Agreement

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  • ANCA Welcomes AmCham's Call for New U.S.-Armenia Trade Agreement

    Armenian National Committee of America
    1711 N Street, NW
    Washington, DC 20036
    Tel. (202) 775-1918
    Fax. (202) 775-5648
    Email. [email protected]
    Internet www.anca.org

    PRESS RELEASE

    January 18, 2011

    Contact: Elizabeth S. Chouldjian
    [email protected] / (202) 775-1918

    ANCA WELCOMES AMERICAN CHAMBER OF COMMERCE IN ARMENIA'S CALL FOR
    NEW U.S.-ARMENIA TRADE AGREEMENT

    -- Trade and Investment Framework Agreement Would Expand U.S.-
    Armenia Economic Cooperation

    WASHINGTON, DC - The American Chamber of Commerce in Armenia's
    (AmCham) public call for a U.S-Armenia Trade and Investment
    Agreement (TIFA) was welcomed today by the Armenian National
    Committee of America (ANCA) as a meaningful step toward putting in
    place a much-needed bilateral accord aimed at creating new export-
    driven jobs and economic growth in the United States and Armenia.
    AmCham is an affiliate of the U.S. Chamber of Commerce.

    In a statement circulated earlier today, AMCHAM Chairman of the
    Board David Atanessian explained that `it is our strong belief that
    concluding TIFA is in the spirit of deepening the bonds and
    increasing the dialogue between the two friendly nations.' The
    statement outlined the benefits of concluding such an economic
    agreement, including:

    -- Stronger economic ties and spirit of cooperation

    -- Increased opportunities to address impediments to trade and
    investment, such as customs administration and double taxation
    issues

    -- Broader private investment opportunities, including increased
    contacts and interactions between private sector representatives

    The complete text of the American Chamber of Commerce in Armenia
    statement can be viewed at:
    http://www.anca.org/assets/pdf/misc/AmCham_TIFA.pdf

    "We want to express our appreciation to David Atanessian and the
    entire AmCham leadership team for their vision and leadership in
    promoting the growth of U.S.-Armenia business, trade, and
    investment relations,' said ANCA Executive Director Aram
    Hamparian. "A TIFA would, as AmCham rightly notes, not only
    broaden commercial cooperation, but also play a vital role in
    deepening the bonds and increasing the dialogue between two
    friendly nations."

    The ANCA has, in a series of letters and meetings with Obama
    Administration officials, State Department diplomats, and Members
    of Congress, called upon the U.S. government to actively pursue a
    U.S.-Armenia TIFA. This accord, once in place, would establish an
    ongoing bilateral platform for discussion and cooperation about
    practical steps that can be taken to increase U.S.-Armenia trade
    and investment. Congressmen Robert Andrews (D-NJ), Rodney
    Frelinghuysen (R-NJ) and Leonard Lance (R-NJ) have each written
    separately to the U.S. Trade Representative, Ambassador Ronald
    Kirk, in support of such an agreement.

    In the days leading up to the November, 2010, U.S.-Armenia Joint
    Economic Taskforce meetings, Dr. Varos Simonyan, the head of the
    Armenian Ministry of Economy's European Union and International
    Economic Affairs Department, expressed the Armenian government's
    support for a U.S.-Armenia TIFA in an interview with Yerkir Media,
    available online at: http://www.youtube.com/watch?v=E-glYD2z6DE

    Additional resources on the importance of a U.S.-Armenia TIFA can
    be viewed below:

    ANCA briefing paper on U.S.-Armenia TIFA:
    http://www.anca.org/assets/pdf/misc/us_armenia_tifa.pdf

    ANCA letter to U.S. Trade Representative, Ambassador Ron Kirk
    http://www.anca.org/assets/pdf/misc/0610_letter_to_ustr.pdf

    ANCA action alert urging the establishment of a U.S.-Armenia TIFA
    http://www.capwiz.com/anca/issues/alert/?alertid=15159376




    From: A. Papazian
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