MINISTRY OF FOREIGN AFFAIRS OF THE REPUBLIC OF ARMENIA
PRESS AND INFORMATION DEPARTMENT
375010 Telephone: +3741. 544041 ext 202
Fax: +3741 562543
Email: [email protected]
PRESS RELEASE
22 November 2004
Termination of the application of Jackson-Vanik Act to Armenia
On 19 November, the US Senate adopted a Miscellaneous Trade and
Technical Corrections Act that includes a provision on granting PNTR
(permanent normal trade relations) status to Armenia. The House of
Representatives passed the same act earlier this year.
Establishment of Armenia – US permanent normal trade relations
effectively repeals application of Jackson-Vanik amendment, and
Armenia-US trade relations will from now on be regulated by not only
bilateral, but also international agreements including WTO ones.
The volume of Armenia – US trade relations, including Armenian exports
to the US, have already started to grow. According to the US Department
of Trade, Armenia’s exports to the US during January – September of
2004 amounted US$33.2 million, a 42 percent increase compared to the
same period of 2003.