EENI Global Business School.

Trade and Business in Armenia, Yerevan

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Syllabus of the Subject: Foreign Trade and Business in Armenia. Yerevan.

  1. Introduction to the Republic of Armenia (Europe);
  2. Armenian Economy
    1. Economic Profile of the Armenian regions (Marzes).
  3. International Trade of Armenia
    1. European Union-Armenia trade relations.
  4. Foreign Direct Investment (FDI) in Armenia;
  5. Doing Business in Yerevan;
  6. Business Opportunities in Armenia;
  7. Access to the Armenian Market;
  8. Business Plan for Armenia.

The objectives of the subject “Foreign Trade and Business in Armenia” are the following:

  1. To analyze the Armenian Economy and International Trade;
  2. To know the business opportunities in Armenia;
  3. To explore the Armenian trade relations with the country of the student;
  4. To know the Armenian Free Trade Agreements;
  5. To develop a business plan for the Armenian Market.

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Online Student Master in International Business

The Subject “Foreign Trade and Business in Armenia” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:

Doctorate (DIB): European Business, World Trade.

Professional Doctorate in International Business (DIB). Online Education

Masters (MIB): International Business, Foreign Trade.

Masters in International Business and Foreign Trade (MIB) - Online Education

Learning materials in Courses, Masters, Doctorate in International Business and Foreign Trade in English or Study Master Doctorate in International Business in Spanish Armenia Masters Foreign Trade in Portuguese Arménia Study, Course Master Doctorate in International Business in French Armenie.

  1. Credits of the subject “Foreign Trade and Business in Armenia”: 1 ECTS Credits;
  2. Duration: one week.

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Market Access - Free Trade Agreements (FTA). Online Education (Courses, Masters, Doctorate)

Preferential Access and Free Trade Agreements of Armenia

  1. Armenia and the Orthodox Economic Area;
  2. Commonwealth of Independent States (CIS) - Free-Trade Area (CISFTA);
  3. Eurasian Economic Union (EAEU);
  4. European Union:
    1. Armenia is a beneficiary of the Generalized System of Preferences (GSP);
    2. EU Eastern Partnership;
    3. European Neighborhood Policy;
    4. European Union-South Caucasus;
    5. Black Sea Synergy.
  5. Black Sea Economic Cooperation (BSEC);
  6. Armenia-Turkmenistan Free Trade Agreement;
  7. Armenia-Moldova Free Trade Agreement;
  8. Armenia-Kazakhstan Free Trade Agreement;
  9. Armenia-Ukraine Free Trade Agreement;
  10. Kyrgyzstan-Armenia Free Trade Agreement;
  11. Georgia-Armenia Free Trade Agreement;
  12. Eurasian Economic Union (EAEU)-Vietnam Free Trade Agreement (FTA);
  13. Russia-Armenia Free Trade Agreement;
  14. Iran-Armenia Free Trade Agreement;
  15. Tajikistan-Armenia Free Trade Agreement;
  16. Shanghai Cooperation Organization (SCO) (Dialogue Partner).

European Union Eastern Partnership

Armenia was an observer country at the Eurasian Economic Community (EurAsEC).

Trade Facilitation Programs. TFA Agreement. Online Education (Courses, Masters, Doctorate)

Online Education (Courses, Masters, Doctorate): Globalization and International Organizations

Euro-Asian Trade and Economic Organizations:

  1. Organization for Security and Cooperation in Europe (OSCE);
  2. Asian Development Bank (ADB);
  3. Economic and Social Commission for Asia and the Pacific (ESCAP);
  4. Economic Commission for Europe (UNECE);
  5. European Investment Bank;
  6. Arab League (LAS) - Observer State.

Global Economic Organizations and Conventions of Armenia

  1. United Nations (UN)
    1. International Trade Centre (INTRACEN);
    2. Commission on International Trade Law (UNCITRAL);
    3. World Intellectual Property Organization (WIPO);
    4. Conference on Trade and Development (UNCTAD) - Not-member.
  2. World Bank (WB);
  3. International Monetary Fund (IMF).

Eurasian Economic Union: Armenia, Belarus, Kazakhstan, the Kyrgyz Republic, and Russia

The Republic of Armenia is situated in the Southern Caucasus at the crossroads of Europe and Central Asia.

  1. Yerevan is the capital of the Republic of Armenia;
  2. The neighboring countries of Armenia are Georgia, Azerbaijan, Iran, Nakhijevan (Azerbaijan), and Turkey;
  3. The population of Armenia is 3.2 million people (annual growth rate of 1.4%);
  4. Armenian area: 29,743 square kilometers;
  5. Ethnically, Armenia is a homogeneous nation with 96% of Armenians;
  6. Armenian is the official language
    1. Russian is the second language.
  7. Independence of Armenia: 1991 (Soviet Union).

Main religion in Armenia: Orthodoxy Christianity (Armenian Apostolic Church).

Armenia belongs to the Orthodox Economic Area.

International Trade and Business in Armenia

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Armenian Economy.

  1. The Republic of Armenia ranks in 36th place in economic freedom (Heritage Foundation);
  2. Trade Relations between Armenia and the European Union, including the foreign trade and economic cooperation, are regulated by the Partnership and Cooperation Agreement (European Neighborhood Policy - Black Sea Synergy);
  3. Main production: food products (alcoholic beverages, chemical and metallurgy industry);
  4. Agriculture is principally based on the animal husbandry and plant growing;
  5. Foreign direct investment and international trade policies of the Republic of Armenia are considered to be the most open in the Commonwealth of Independent States (CIS);
  6. Foreign companies in Armenia are encouraged to invest and are entitled by law to the same treatment as local enterprises;
  7. The Republic of Armenia is exploring its economic relations with Iran;
  8. The Armenian Development Agency was created in 1998 by the Government of the Republic of Armenia to facilitate the foreign direct investments and promote the exports.

Foreign Trade and Business in Armenia:
Master Course: Foreign trade and Doing Business in Armenia

Trade Agreements and Preferential Access of Armenia

The Republic of Armenia, Albania, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, the Russian Federation, Serbia, Turkey, and Ukraine, are members of the Organization of the Black Sea Economic Cooperation. Armenia is also a member of the Commonwealth of Independent States (CIS).

The Republic of Armenia has free trade regimes with Belarus, Georgia, Moldova, Kazakhstan, the Russian Federation, Ukraine, Uzbekistan, Tajikistan, and the Kyrgyz Republic.

Armenia has a Most-favoured-Nation Trade Regime with Argentina, Bulgaria, Canada, the People's Republic of China, Cyprus, the European Union (EU), Iran, India, Hungary, Lebanon, Poland, Romania, Syria, Switzerland, Vietnam, and the United States.

Armenia-Kazakhstan Free Trade Agreement

Community of Independent States CIS: Armenia, Azerbaijan, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan, Turkmenistan, and Uzbekistan

(c) EENI Global Business School (1995-2022)
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