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 Friday, July 3 2020 17:24
Marianna Mkrtchyan

Armenian President and US Ambassador are convinced: Any investments  should be protected not only by law, but also by the presence of a  favorable and attractive environment

Armenian President and US Ambassador are convinced: Any investments  should be protected not only by law, but also by the presence of a  favorable and attractive environment

ArmInfo.  On the eve of the Independence Day of the United States of America, Armenian President Armen Sarkissian received the US ambassador to Armenia Lynne Tracy, congratulating the diplomat and in her person all the people of the  United States on a national holiday.

As the Armenian President's press service told ArmInfo, Sarkissian  expressed gratitude to the United States government for the continued  support provided to Armenia, and especially for the support during  this difficult period due to the coronavirus epidemic, noting that  true friendship manifests itself in difficult times.

In turn, Tracy stated that the United States continues to assist  Armenia on issues such as the development of democracy, the fight  against corruption, reforms in various fields and the creation of an  attractive business environment for investors.

At the Ambassador's request, the President of Armenia touched on  amendments to the Constitution and issues related to constitutional  reforms. In this context, speaking about the commission on  constitutional reforms, Sarkissian pointed out the importance of  public discussions and the participation of the widest possible  sections of society in the process of developing the country's Basic  Law.

The interlocutors also spoke about investments. They agreed that any  investment should be protected not only by law, but also by the  presence of a favorable and attractive environment, indicating the  importance of joint efforts and activities in this direction.

US Ambassador touched upon American programs aimed at the economic  development of Armenia and investment opportunities. Sarkissian noted  that the COVID-19 pandemic and its impact on the economy require a  quick response and flexible mechanisms to stimulate investment. From  this point of view, he considered the creation of the Investor Quick  Response Working Group an important tool, noting that these and a  number of other proposals were included in the report "Strategy for  Encouraging Investments in and After the Crisis" prepared by the  Presidential Administration and the UN Conference on Development and  Investment.

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