The economic development and investment opportunities of Armenia have been discussed in New York.
14-07-2026 13:52 USA Politics
The Deputy Minister of Foreign Affairs of Armenia, Robert Abisoghomonyan, participated in and delivered a speech at the "Trade over Aid" forum.
"In his speech, Deputy Minister of Foreign Affairs Robert Abisoghomonyan emphasized that Armenia has joined the 'Trade over Aid' initiative and is ready to actively participate in its activities, viewing it as an innovative approach to international development cooperation that complements traditional development tools by focusing on strengthening national capacities, attracting investments, economic growth, as well as enhancing national responsibility and resilience, which aligns with Armenia's development priorities."
The Deputy Minister also highlighted the active involvement of the UNDP within the initiative, noting that the organization's long-standing experience and sectoral expertise can make a significant contribution to governance and institutional reforms, human capital development, strengthening connectivity, and ensuring long-term inclusive economic growth.
Robert Abisoghomonyan presented Armenia's economic diversification policy, stating that it involves expanding access to new markets and transport routes, as well as reducing structural dependence on a limited number of sectors.
At the same time, it was emphasized that Armenia is consistently transitioning towards a knowledge-based and technological economy by promoting innovation, supporting competitive small and medium-sized enterprises, and investing in human capital development.
It was noted that the successful implementation of this strategic program requires a peaceful and stable regional environment, predictability in international supply chains, diversification of transport routes, as well as the development of trade facilitation and digital connectivity.
Addressing the strategic economic cooperation between Armenia and the USA, the Deputy Minister presented the "TRIP" regional connectivity project as a means to create new opportunities for trade, investment, and economic cooperation, as well as to further strengthen sustainable peace and stability in the South Caucasus. The main principles of the project were presented, which are enshrined in the framework agreement on strategic cooperation signed between Armenia and the USA regarding "TRIP."
Robert Abisoghomonyan also referred to the "Firebird AI" data center being built in Armenia, emphasizing that it is an important example of strategic cooperation in advanced technologies between Armenia and the USA. It was noted that this investment program, involving participation from "NVIDIA," "Dell Technologies," and other leading American companies, will contribute to the development of artificial intelligence and digital infrastructure, positioning Armenia as a regional technological hub.
The Deputy Minister also presented new prospects for cooperation between Armenia and the USA in the field of civilian nuclear energy, addressing the completion of negotiations on the "123 Agreement" regarding cooperation in the use of nuclear energy for peaceful purposes, as well as the signing of a framework memorandum on ensuring supply in the extraction and processing of critical minerals and rare earth elements.
In his speech, Deputy Minister Abisoghomonyan also addressed recent developments in deepening Armenia's trade integration with the European Union.
Note: The US administration's "Trade over Aid" initiative proposes a new model for economic development that brings together UN member states, the private sector, and UN agencies with the aim of creating a conducive environment for business and promoting economic growth based on free market principles. The initiative was officially launched on April 27, 2026."
Ministry of Foreign Affairs of the Republic of Armenia
* This text was automatically translated by Artificial Intelligence (AI).
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