PREFERENTIAL TREATMENT FOR EXPORT OF ARMENIAN-MADE JEWELRY TO USA TO CONTINUEJuly 31, 2002 - 21:54 AMT PanARMENIAN.Net - US Congress approved Omnibus Trade Bill stipulating tariff preferences for certain Armenian products. Known as the Generalized System of Preferences (GSP), it provides duty-free entry into the United States for such products as Armenian-made jewelry. With the extension of the preferential treatment for Armenian-made jewelry through 2006, easier access to American markets will stimulate Armenian industry and exports as well as it will increase the Armenia-US trade volume. Armenia was first included in the GSP in 1994, in 2001 the validity of the GSP was stopped. Top stories Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". Partner news | Moody's upgrades IDBank's rating Moody's has upgraded ID Bank CJSC's (IDBank) long-term local and foreign currency bank deposit ratings to Ba3 from B1. U.S. “very clear” with Azerbaijan: “It’s time to make peace with Armenia” James O'Brien has said that the United States is “very clear” with Azerbaijani that it is a time to make peace with Armenia. Destruction of Armenian heritage raised at PACE Member of the Armenian delegation to PACE, MP from the “I Have the Honor” bloc Hayk Mamijanyan delivered remarks at a PACE session. PACE adopts resolution on Armenia's commitment to reforms PACE welcomed the electoral reforms implemented by Armenia in accordance with the recommendations of the Venice Commission. |