US-Armenia Joint Economic Taskforce

The United States welcomed Armenian Minister of Economy Nerses Yeritsian and his delegation for the annual US-Armenia Joint Economic Taskforce (USATF) today. The USATF was formed in 2000 and meets annually to further economic cooperation and advance economic and market reforms in Armenia. The meeting was co-chaired by Coordinator for Assistance to Europe and Eurasia Daniel N. Rosenblum and Minister Yeritsian. The Taskforce is an open forum to discuss issues of concern and interest. It also provides the opportunity to check progress in certain areas and clarify priorities for moving forward.

An Open Skies air services agreement was signed at the conclusion of the meeting. This agreement will allow air carriers of the United States and Armenia to make decisions on routes, capacity, and pricing based on commercial considerations. It includes liberal “doing business” rights and provides opportunities for cooperative marketing arrangements, including code sharing.

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