According to Wall Street Journal/Heritage Foundation researches, Armenia is recognized leader in rendering investment opportunities among the countries of the South Caucasus in 2002. According to the results of the research on the index of economic freedom, due to its free trade regime and optimal economic policy Armenia provides the best opportunity for initiating trade activities and making foreign investments also among the CIS countries. The Armenian export to the US increased 43% last year. In percentage, Armenian production export to California was the largest.