US-Armenia sign MoU on energy sector cooperation

US-Armenia sign MoU on energy sector cooperation
# 19 October 2012 11:18 (UTC +04:00)
Baku – APA-Economics. Armenian government signed cooperation memorandum on energy sector with the United States. The document was signed after the session of the Armenian-American Working Group on Economic Affairs held on Thursday, Information-Analytic Agency NEWS reported.

The meeting was chaired by Armenian Finance Minister Vache Gabrielyan and Coordinator of U.S. Assistance to Europe and Eurasia Daniel Rosenblum.

The delegations reached arrangement on cooperation in several initiatives which may give an impetus to bilateral trade and investments.

The discussion focused on formation of most favorable environment for business with the emphasis on customs policy, fair competition, intellectual property rights and cooperation in energy sector. One of the issues was the prolonging terms of exploitation of Armenian NPP, assistance to safety, hydropower and renewable energy sources as well as U.S. involvement in regional energy projects.
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THE OPERATION IS BEING PERFORMED