BILL ON ARMENIAN-AMERICAN TRADE RELATIONS GARNERED WIDE-SPREAD SUPPORT IN US CONGRESS

July 28, 2003 - 19:21 AMT
PanARMENIAN.Net - Over 100 lawmakers support the bill on establishing permanent and stable Armenian-American trade relations. The document particularly provides for lowering tariffs for import of Armenian products to the US as well as intensification of US investments in the Armenian economy. The leaders of the Congressional Caucus on Armenian Issues believe the bill to minimize the losses Armenia suffers due to the blockade imposed by Turkey. "Armenia is poised to play a role as a commercial hub in the Caucasus region as evidenced by its ongoing economic reform measures and strategic location and this legislation will help strengthen Armenia's trading capacity", - author of the project, congressman Joe Knollenberg sonsiders. The bill is currently awaiting action by the House of Representatives Subcommittee on Trade.
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