Economy

The trade turnover between Armenia and the USA has tripled in three years. Samantha Power

11.07.2024

The trade turnover between Armenia and the USA has tripled in three years. Samantha Power

Since 2020, the trade turnover between Armenia and the USA has tripled. Samantha Power, head of the US Agency for International Development (USAID), said this at a briefing held in Yerevan on July 10. "If in 2020 this number was 96 million dollars, then in 2023 it was 321 million dollars. These rates may accelerate. We are moving from supporting Armenia to trading with Armenia. We have helped the Armenian government to improve investment opportunities in import and export, agriculture, tourism and technology sectors. In addition, we are working to encourage local food production, including the cultivation of grain crops suited to Armenian climatic conditions," he added. He expressed the United States' commitment to helping Tavush and Lori better prepare for possible future natural disasters. Power said that 2.4 million dollars will be allocated in order to protect citizens' personal data and ensure other human rights along with the development of technologies. He expressed confidence that significant development has taken place in Armenia over the past 5 years, which has led to the liberalization of the media and citizens, as well as transparency in the field of corruption. The head of the agency believes that efforts are being made to acquire property belonging to the people of Armenia. According to him, it is a property that was stolen in the past by people who put their interests above the interests of the people.