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California International Trade Office To Open In Armenia
Yerevan, September 22, Armenpress: The visiting California State Senator Jack Scott (D-Pasadena) told today in Yerevan that the Yerevan Office of the California International Trade and Investment Office will become effective from October 1.
Scott said the opening of the office in the Armenian capital was evidence of growing trade between Armenia and California and would create favorable conditions for Armenian businessmen to sell their products in California, a home to a 500,000 strong Armenian community. Scott said Armenia in return would import most advanced technology in such sector as information technology, biotechnology and architecture. The office will later extend its operation to Ukraine, Georgia and Russia.
'Californians and Armenians alike can move forward towards establishing closer business and trade relations with one another which will benefit both peoples equally, ' Scott said, adding also that it took long 4-5 years to have the resolution on establishing the Yerevan office passed by the State legislature.
Armenian-US trade is now about $60-70 million and the bulk of falls on California. Armenian foreign minister Vartan Oskanian said the office will help raise these figures substantially in the next few years. The office will be housed temporarily in the premises of the Armenian Development Agency (ADA) until a separate building is found.