Yerevan Hopes to Finalize Accord Removing Armenia From US Export Control List

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Armenian Ambassador to the United States Grigor Hovhannissian said that Yerevan is hopeful to conclude an agreement with the United States that will remove Armenia from the US list of export controlled countries.

WASHINGTON (Sputnik) — Yerevan is hopeful to conclude an agreement with the United States that will remove Armenia from the US list of export controlled countries, Armenian Ambassador to the United States Grigor Hovhannissian told Sputnik.

"We have a couple of agreements in the legal field that we would like to finalize for signing about double taxation and removing Armenia from the list of export controlled countries," Hovhannissian said on Tuesday.

Hovhannissian pointed out that the Information Technology (IT) sector is successfully developing in Armenia.

"We would like to prepare a framework agreement for signing for our [United States and Armenia] next meeting. We have discussed it with the Americans. We are working on that," the Ambassador added. "In October, we will join a US-Armenia intergovernmental working group meeting, and this framework agreement is on its agenda."

Karabakh Armenian soldiers stand near a howitzer in Hadrut province in Nagorno-Karabakh, Azerbaijan, Tuesday, April 5, 2016. Azerbaijan forces and separatist forces in Nagorno-Karabakh agreed on a cease-fire Tuesday following three days of the heaviest fighting in the region since 1994, the Azeri defense ministry announced. - Sputnik International
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In 2015, Washington and Yerevan signed a Trade and Investment Framework Agreement (TIFA) tailored to help the parties identify areas conducive to the development of mutual trade and investments.

US Exports to Armenia totaled to $43.6 million, while imports totaled to $42.6 million, according to the United States Census Bureau.

Hovhannissian also said that Armenia hopes Washington understands Yerevan’s position to develop good relations with both the United States and Russia.

"We have strategic relationship with Russia and it does not exclude good relations with the United States. One should not exclude the other," Hovhannissian said on Tuesday. "We hope that the new US Administration will understand our position of duality as it was understood by the previous Administration."

Parliament Deputy Speaker and spokesperson of Armenia's ruling Republican Party Eduard Sharmazanov said in February that Yerevan will continue allied relations with Russia in the framework of the Collective Security Treaty Organization (CSTO) as well as a dialogue with the United States and the European Union.

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