ARMINFO News Agency, Armenia July 14, 2017 Friday Armenian President is not satisfied with the level of Armenian-American economic cooperation Yerevan July 14 Mariana Mkrtchyan. Armenian President Serzh Sargsyan held today a meeting devoted to the development of the Armenian-American relations. ArmInfo was informed about this in the press service of the Armenian leader. Armenian Ambassador to the United States Grigor Hovhannisyan reported to the President on the activities of the Armenian Embassy aimed at implementing a number of short-term and medium-term goals in some promising spheres, current Armenian-American programs, achievements, and targeted cooperation directions. At the meeting, the Armenian President noted that over the 25 years since the establishment of diplomatic relations, the two countries have established successful cooperation in many key areas. "Since the moment of Armenia's declaration of independence, the United States has provided us with consistent support. The volume of American technical and humanitarian assistance over these years reached $ 2 billion. The United States assisted Armenia in carrying out numerous reforms. Unilateral assistance is gradually evolving into economic cooperation, and about 800 enterprises with American capital operate in Armenia today," the Armenian leader stressed. As a successful example, Sargsyan noted the sale of the American company "Contour Global" of the Vorotan cascade of HPPs - one of the largest energy assets in the republic. The deal amounted to $ 180 million. As the President noted, serious investment is also made by Lydian International, which is developing the Amulsar gold deposit, located in the Syunik region. Nevertheless, Sargsyan is convinced that the current level of cooperation is not satisfactory, since there is a great potential for developing the dialogue, taking into account the economic power of the United States, the readiness of this country for further enhancing cooperation and the presence of a large and influential Armenian community in the United States. After the meeting, the Armenian President gave appropriate instructions. To note, according to the National Statistics Service, the foreign trade turnover between Armenia and the US in January-December 2016 amounted to $ 126.9 million, with an annual decline of 21%. Export - $ 38.8 million with an annual decline of 26.7%, and imports $ 88.1 million, with an annual decline of 18.2%.