Armenia Country Commercial Guide
Learn about the market conditions, opportunities, regulations, and business conditions in armenia, prepared by at U.S. Embassies worldwide by Commerce Department, State Department and other U.S. agencies’ professionals
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Market Opportunities
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U.S. goods and services compete successfully for market share, and U.S. investment in Armenia has increased notably since 2017, particularly in the mining and energy sectors. For example, Lydian’s Amulsar mining project ($750 million to date) and ContourGlobal’s investment in the Vorotan Hydropower Plant ($230 million) have been two of the largest foreign investments in Armenia. Sectors in which U.S. companies have key market opportunities include conventional and renewable energy, including civil nuclear technology; information and communications technology (ICT); digital infrastructure; agriculture; extractives; tourism; healthcare; and retail.  Promising emerging areas include space technology, wine, textiles, and pharmaceuticals. A longstanding decline in Armenia’s public capital stock as a share of gross domestic product implies that U.S. businesses should stay attuned for opportunities to participate in major infrastructure projects, including for highways/transportation routes and utilities.  

The August 8 peace framework between Armenia and Azerbaijan, brokered by President Donald J. Trump, introduces the Trump Route for International Peace and Prosperity (TRIPP) and three bilateral MOUs as key drivers of regional economic integration in the South Caucasus. These initiatives create significant opportunities for U.S. companies in trade, mining, transit, energy, infrastructure, and technology.

The Armenian government has highlighted significant plans to restore regional transportation and connectivity infrastructure, dubbed the “Crossroads of Peace” initiative, in the event of normalization with Türkiye and Azerbaijan. The Armenian government’s recent push for digitalization of the economy can provide additional opportunities for US technologies and services. The development of legislation and implementing regulations around public-private partnerships stands to give U.S. firms new means of participating in such projects.

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Global Business Navigator Chatbot Beta

Welcome to the Global Business Navigator, an artificial intelligence (AI) Chatbot from the International Trade Administration (ITA). This tool, currently in beta version testing, is designed to provide general information on the exporting process and the resources available to assist new and experienced U.S. exporters. The Chatbot, developed using Microsoft’s Azure AI services, is trained on ITA’s export-related content and aims to quickly get users the information they need. The Chatbot is intended to make the benefits of exporting more accessible by understanding non-expert language, idiomatic expressions, and foreign languages.

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As a beta product, the Chatbot is currently being tested and its responses may occasionally produce inaccurate or incomplete information. The Chatbot is trained to decline out of scope or inappropriate requests. The Chatbot’s knowledge is limited to the public information on the Export Solutions web pages of Trade.gov, which covers a wide range of topics on exporting. While it cannot provide responses specific to a company’s product or a specific foreign market, its reference pages will guide you to other relevant government resources and market research. Always double-check the Chatbot’s responses using the provided references or by visiting the Export Solutions web pages on Trade.gov. Do not use its responses as legal or professional advice. Inaccurate advice from the Chatbot would not be a defense to violating any export rules or regulations.

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The Chatbot does not collect information about users and does not use the contents of users’ chat history to learn new information. All feedback is anonymous. Please do not enter personally identifiable information (PII), sensitive, or proprietary information into the Chatbot. Your conversations will not be connected to other interactions or accounts with ITA. Conversations with the Chatbot may be reviewed to help ITA improve the tool and address harmful, illegal, or otherwise inappropriate questions.

Translation

The Chatbot supports a wide range of languages. Because the Chatbot is trained in English and responses are translated, you should verify the translation. For example, the Chatbot may have difficulty with acronyms, abbreviations, and nuances in a language other than English.

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