U.S. ambassador ‘confident’ about more trade with ArmeniaJuly 5, 2018 - 19:56 AMT PanARMENIAN.Net - The U.S. ambassador to Yerevan said recent political changes in Armenia will help bring new trade and investment to the South Caucasus country, RFE/RL reports. “I am confident that this new chapter in Armenian history is going to spark a lot of interest from U.S. businesspeople,” Richard Mills said, speaking on July 4 at an event in the Armenian capital marking U.S. Independence Day. The comments come two months after peaceful protests led by lawmaker and activist Nikol Pashinian led to the resignation of longtime ruler Serzh Sargsian in early May. Pashinian, who vowed to crack down on widespread corruption in the country, was voted in by parliament as prime minister on May 8. Mills said new investment could come both from members of the Armenian diaspora and from others looking to trade with Armenia. “I heard from the diaspora Americans and also from American businesspeople of all backgrounds that they were very interested in Armenia if the new government follows through on its commitments to make this a more equitable society, [provide] a more level playing field for all businesses, and if they can root out some of the problems of corruption,” he said. “I think American businesses are interested in some of the key sectors that the [Armenian] government is also focused on -- IT, agriculture, tourism and energy, in particular,” he added. U.S. Secretary of State Mike Pompeo recently said he has not ruled out that assistance to Armenia can be resumed by the Millennium Challenge Corporation. Armenia received $177 million under a program for the rehabilitation of its rural irrigation networks a decade ago. However, further aid was frozen after a disputed 2008 presidential election that was followed by a government crackdown on the Armenian opposition. Sargsian's administration unsuccessfully lobbied to restore Yerevan’s eligibility for the aid program in subsequent years. U.S. officials said, however, that Yerevan was not doing enough to combat widespread corruption, among other issues. Mills said he did not have any “new news” on the program. But he added: “Again, the way the Millennium Challenge Corporation works is that Armenia will have to meet some criteria, hit some standards in the areas of fighting corruption, political liberty, media freedom. “So, we will be working with the government to encourage them, to support them in making some changes that will help Armenia meet those criteria so that next year, when the Millennium Challenge Corporation is deciding on compacts, Armenia can be considered. “[Reform] is really what Armenia needs and what I heard the Armenian people were demanding on the streets two months ago,” the ambassador said. Top stories Six total incidents have burned 19 old-growth trees. Friday night 8 trees were torched along the beautiful main entrance. The EU does not intend to conduct military exercises with Armenia, Lead Spokesperson for EU Foreign Affairs and Security Policy Peter Stano says. Hikmet Hajiyev has said that there is no place for USAID operation in Azerbaijan any longer. A telephone conversation between Putin and Pashinyan before the CSTO summit is not planned, Peskov says. Partner news | Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenia, Russia discuss life extension of Metsamor nuclear plant Issues regarding the extension of life of the 2nd power unit of the Armenian Nuclear Power Plant were discussed in Yerevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |