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 (Import, Export) 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 analyse the Armenian Economy and Foreign Trade (Import, Export, FDI)
  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

Sample - Foreign Trade and Business in Armenia:
e-Course: Foreign trade and Doing Business in Armenia

The Subject “Foreign Trade and Business in Armenia” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:
  1. Courses: Business in Eastern Europe, Central Eurasia
  2. Doctorates: European Business, World Trade
  3. Masters: Business in Europe, International Business, Foreign Trade

Online Student (Master International Business Foreign Trade)

Learning materials in Courses, Masters, Doctorates 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

Armenia, Masters, Doctorates, Courses, International Business, Foreign Trade Armenian Students Վարպետ միջազգային բիզնես

Online Course Business in the Eastern Europe Countries and Turkey

Online Course Business in Central Eurasia

Description: Foreign Trade and Business in Armenia

Online Education: Trans-European Transport Corridors

Transport Corridors related to Armenia:
  1. International North-South Transport Corridor (India-Russia)
  2. Transport Corridor Europe-Caucasus-Asia (TRACECA)
  3. Access to the Afghanistan-Turkmenistan-Azerbaijan-Georgia-Turkey Transport Corridor (Lapis Lazuli)

International North-South Transport Corridor (India-Russia) Iran, Azerbaijan, Armenia, Kazakhstan, Kyrgyzstan...

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 Generalised System of Preferences (GSP)
    2. EU Eastern Partnership
    3. European Neighbourhood 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 Organisation (SCO) (Dialogue Partner)

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

European Union Eastern Partnership

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

Transport Corridor Europe-Caucasus-Asia TRACECA: Azerbaijan, Armenia, Georgia, Iran, Kazakhstan, Kyrgyzstan, Moldova, Romania, Tajikistan, Turkey, Ukraine and Uzbekistan

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 neighbouring 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 kilometres
  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.

Online Education (Courses, Masters, Doctorates): Orthodox Christianity, Ethics and Global Business

International Trade and Business in Armenia

Online Education (Courses, Masters, Doctorates): Foreign Trade

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 Neighbourhood 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

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 Organisation 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

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