Armenia

U.S. government assistance to Armenia supports efforts to strengthen Armenia’s ties to Western institutions, integrate the country into the regional and global economy, diversify trade, and build resilience against external pressures. U.S. assistance supports Armenian government efforts to develop democratic institutions and create an environment for sustainable economic development, particularly in light of the peaceful transition of power in 2018.

The United States and Armenia have a number of agreements affecting trade and investment, including a Trade and Investment Framework Agreement, an Agreement on Trade Relations, an Investment Incentive Agreement, a Bilateral Investment Treaty, and an Agreement on Science and Technology Cooperation. The two governments convene the U.S.-Armenia Strategic Dialogue to discuss mutual areas of cooperation. U.S. investment in Armenia has included energy, information technology, agriculture, tourism, 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 exports from Armenia are eligible for duty-free entry to the United States. The GSP program provides an incentive for investors to produce in Armenia and export selected products duty-free to the U.S. market.