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Trade Between Armenia and the USA Triples in Three Years, Says USAID's Samantha Power

Samantha Power, the head of the U.S. Agency for International Development

Trade between Armenia and the United States has seen a threefold increase over the past three years. Samantha Power, the head of the U.S. Agency for International Development (USAID), shared this news during a briefing in Yerevan on July 10.

Samantha Power highlighted that the trade turnover between the two countries has grown from $96 million in 2020 to $321 million in 2023. This major growth shows a shift from mere aid to active trade between Armenia and the USA.

"We are truly moving from aid to trade," Power stated. She emphasized that this growth could accelerate further as the partnership deepens. 

USAID has played a major role in this transformation by helping the Armenian government enhance investment opportunities, particularly in imports and exports across key sectors such as agriculture, tourism, and technology. These efforts aim to create a more conducive environment for business and trade.

Power also mentioned USAID's initiatives to boost local food production. This includes promoting the cultivation of crops that are well-suited to Armenia's climate, thereby strengthening the country’s agricultural sector.

In addition to economic collaboration, the United States is committed to helping Armenia prepare for potential natural disasters. Power announced that $2.4 million will be allocated to improve disaster preparedness in the regions of Tavush and Lori. This funding will ensure that advancements in technology also protect citizens' personal information and safeguard human rights.

Power expressed her confidence in Armenia's significant progress over the past five years. She noted improvements in media liberalization and increased transparency in the fight against corruption. These developments are crucial for creating a more open and democratic society.


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