Armenia and US strengthen economic and energy cooperation: Strategic partnership roadmap

YEREVAN, January 15. /ARKA/. The United States supports Armenia’s efforts to integrate into the global economy, according to the Charter on Strategic Partnership between the two countries signed in Washington on January 14.

"Armenia and the United States aim to expand cooperation to foster job creation and economic growth, support economic and market reforms and liberalization, promote transport communication, improve the bilateral business environment, and ensure market access for goods and services. Both parties recognize that fair, labor-oriented, and sustainable trade is essential for advancing resilient supply chains, equitable development, freedom, and prosperity," the document states.

The section on "Economic, Trade, Transport, and Energy Cooperation" includes the following points:

1. Recognizing the importance of increasing trade and investment for economic growth and development, Armenia and the United States plan to explore strategic opportunities to boost bilateral trade and investment.
2. Acknowledging the significance of a viable, sustainable, secure, and market-oriented energy sector, Armenia and the United States will explore opportunities to diversify and expand Armenia's energy production and supply. This includes developing a civil nuclear energy program in accordance with the highest standards of nuclear safety, security, and nonproliferation; efforts to enhance energy security and efficiency, including a significant increase in the share of renewable energy in Armenia’s energy mix; and measures to improve Armenia’s energy connectivity with regional and European markets.
3. Armenia and the United States intend to establish a working group to strengthen dual-use export controls, align policy frameworks, and exchange information. The two countries will also initiate a joint dialogue to facilitate greater access for trusted companies operating in Armenia to U.S.-controlled export technologies.
4. Recognizing the importance of trade diversification to address food security and stimulate economic growth, Armenia and the United States will explore opportunities for cooperation that strengthen the trade environment for agricultural products.
5. Given Armenia's landlocked status and the challenges associated with limited access to global trade markets, Armenia and the United States plan to deepen cooperation aimed at integrating Armenia into broader regional transportation networks and connectivity initiatives, particularly through strong political support for and promotion of Armenia’s “Crossroads of Peace” project.