Encourages Renewable Energy Sector Stakeholders to Apply
WASHINGTON—The Armenian National Committee of America welcomed on Monday the State Department’s recent announcement of a U.S. trade delegation to Armenia, during the first week of October, to explore investment opportunities in renewable energy, energy efficiency, and conservation to achieve greater energy independence.
“We welcome news of this U.S. trade delegation to Armenia and are, more broadly, gratified by the renewed focus – both here in Washington and in Yerevan as well – on the further growth of bilateral economic cooperation,” said ANCA Executive Director Aram Hamparian. “In just the past few months, we have seen the signing of a Trade and Investment Framework Agreement – a longstanding ANCA priority – and a meaningful increase in America’s investments in Armenia’s sustainable development. We will work to build upon this progress and also to help remove barriers to increased commerce, such as the very real danger of double-taxation, a potential problem which can be resolved through the negotiation of a new U.S.-Armenia Tax Treaty.”
During the first week of October, the Secretary of State’s Office of Global Partnerships will organize a Partnership Opportunity Delegation (POD) to Yerevan, Armenia to explore investment opportunities in renewable energy, energy efficiency, and conservation to achieve greater energy independence. Partnership Opportunity Delegations (PODs) facilitate partnership activities between the U.S. private sector and private sector in target countries. The Armenia POD is organized in cooperation with USAID Armenia. It builds upon the successes of PODs to Colombia, Ireland, Tanzania, and Burma. POD participants can include investors, philanthropists, entrepreneurs, academics, and members of diasporan communities. They will meet with political leaders, engage with Armenia’s energy sector leaders regarding potential projects, partnerships, and business opportunities, and visit with local financial institutions about investment possibilities. Ten to 12 participants will be chosen from the pool of applicants for this week-long delegation.