PERMANENT TRADE STATUS FOR ARMENIA BACKED.Byline: Nicholas Grudin Staff Writer GLENDALE - A lobbying effort to get Congress to grant permanent trade status to Armenia in a vote later this month got support Friday from local, state and federal lawmakers. State Sen. Jack Scott, D-Pasadena, and representatives of Gov. Gray Davis and U.S. Rep. Adam Schiff
Adam B. Schiff (born June 20 1960) is an American politician. He first served in the California State Senate. , D-Pasadena, joined with Armenian Consul General consul general n. pl. consuls general Abbr. CG A consul of the highest rank serving at a principal location and usually responsible for other consular offices within a country. Valery Mkrtoumian to launch the push, aimed at lifting tariffs put in place in the Soviet era. Armenia - which was welcomed into the World Trade Organization in February - still has only temporary trade status with the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and has not been granted Most Favored Nation Most Favored Nation A privilege granted by one country to another whereby the products of the privileged country pay the lowest delivered duty paid charged by the granting country. status - an omission that hinders its ability to do business here, officials said. ``American businesses who consider Armenia a potential emerging economy, with potential for investment, hesitate to deal with Armenia,'' said Armen Janian, honorary chair of the Armenian American Chamber of Commerce. The chamber helped organize Friday's meeting with lawmakers. The group is beginning a letter-writing campaign to show support for the measure. ``Not only would this measure be a vote of confidence, it would have an actual impact as well - it would be an impetus for business,'' said Scott, who last year spearheaded a bill to create a California trade office in Armenia. Armenia's information technology and food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. industries would be sought after by U.S. consumers, and American businesses could capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. demand in Armenian sectors, said Nicholas Hacopian, chairman of the Armenian American Chamber of Commerce. |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion