Course summary: trade and business in Armenia:
Armenia (Hayastany Hanrapetoutyun) is situated in the southern of the Caucasus at the crossroads of Europe and
Central Asia.
The Republic of Armenia is ranked in 36th place in degree of economic freedom in 2011
(Heritage Foundation).
The 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 ENP - Black Sea Synergy). Armenia is beneficiary of the
Generalized System of Preferences of the European Union.
The Republic of Armenia has Free Trade Regime with
Belarus, Georgia, Moldova,
Kazakhstan, The Russian Federation,
Ukraine, Uzbekistan, Tajikistan and The Kyrgyz Republic.
Armenia has Most-Favored-Nation trade Regime with
Argentina, Bulgaria, Canada,
People's Republic of China, Cyprus, European Union, Iran,
India, Hungary, Lebanon, Poland, Romania, Syria, Switzerland,
Vietnam
and the United States.
The Republic of Armenia is exploring the chance of improving its economic relations with
Iran.
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 (BSEC). Armenia is
also member of Community of Independent States (CIS)
Yerevan is the capital of the Republic of Armenia. The main trends of industry are
manufacture of food products (alcoholic beverages and
chemical and metallurgy industry). Agriculture is principally based in animal husbandry and plant growing.
The Foreign direct investment (FDI) and International trade policies of
the Rep. of Armenia are considered to be the most open in the Community of
Independent States (CIS). Foreign companies are promoted to invest and are entitled by law to the same treatment as local
companies.
Example of the course doing business in Armenia:
The Armenian Development Agency (ADA) was created in 1998 by the Government of the Republic of Armenia to
make easy Foreign direct investments and
promote
exports.
Neighboring countries of Armenia: Georgia, Azerbaijan, Iran, Nakhijevan (Azerbaijan) and Turkey.
The population of Armenia is 3.2 million (annual growth rate of 1.4 %). Ethnically, Armenia is a homogeneous
nation with 96% Armenians.
Armenian is the official language. Russian is the 2th language.
