The U.S. established diplomatic relations with Armenia in 1992, following its independence from the Soviet Union. Together, the two countries work to reduce poverty, expand trade and investment, promote the work of civil society groups, and broaden access to healthcare. The U.S. is committed to strengthening democracy and the formation of an open market economy in Armenia. The U.S. supports efforts to peacefully resolve the Nagorno-Karabakh conflict, reopen the closed borders with Azerbaijan and Turkey, and promote regional stability, peace, and prosperity.
U.S. Assistance to Armenia
U.S. Government assistance to Armenia supports democratic, economic, and social reforms, as well as efforts to promote regional peace and prosperity.
Bilateral Economic Relations
The U.S. and Armenia have a number of agreements affecting trade and investment between the two countries, including a Trade and Investment Framework Agreement, an Agreement on Trade Relations, an Investment Incentive Agreement, and a Bilateral Investment Treaty. The two governments periodically convene the U.S.-Armenia Joint Economic Task Force to discuss mutual areas of cooperation. Armenia's law on foreign investment governs all direct investments in Armenia, including those from the U.S. The two countries have signed a Memorandum of Understanding on unconventional and conventional energy resources, which aims to enhance cooperation between U.S. and Armenian experts to assess Armenia’s potential energy resources, including shale gas. U.S. investment in Armenia has included energy, information technology, hotels, carpet and furniture production, construction, beverage bottling, jewelry and textile production, and mining. Armenia has been designated as a beneficiary country under the Generalized System of Preferences (GSP) program, under which a range of products that Armenia might seek to export are eligible for duty-free entry to the U.S. The GSP program provides an incentive for investors to produce in Armenia and export selected products duty-free to the U.S. market.