U.S., Armenia to boost trade ties

The United States and Armenia have entered into a Trade and Investment Framework Agreement.    The United States and Armenia have entered into a Trade and Investment Framework Agreement. 
   This agreement establishes a U.S.-Armenia Council on Trade and Investment to discuss bilateral trade and investment issues and find ways to strengthen these activities between the two countries.
   Total two-way trade (exports and imports) between the United States and Armenia totaled $153 million in 2014, according to the Office of the U.S. Trade Representative. U.S. goods exports to Armenia last year reached $56 million and included poultry, machinery, vehicles, and optic and medical equipment. Total U.S. foreign direct investment in Armenia was $1 million in 2013. 
   The USTR noted U.S. goods imports from Armenia in 2014 totaled $96 million in 2014 and included aluminum, woven apparel, brandy, diamonds, and processed fruit and vegetables. Total Armenian foreign direct investment in the United States was $1 million in 2013.