The ANCA Endowment promotes the economic development of Armenia by educating the Washington, DC foreign policy community about the benefits of increased U.S. aid and expanded bilateral trade.
In support of these aims, we have:
- Educated Congressional appropriators about how U.S. interests and American values are advanced by robust economic and military assistance to Armenia. To date, the U.S. has provided well over $2 billion in foreign aid to Armenia.
- Worked with government officials in Washington D.C. and Yerevan to secure approval for a $177 million Millennium Challenge Account grant for badly-needed improvement of the irrigation systems in rural Armenia.
- Provided statistical and other specialized economic data to Congress during the debate that led to the enactment in 2004 of Permanent Normalized Trade Relations (PNTR) status with Armenia, which helped increase Armenian exports to the U.S. from $46 million in 2005 to nearly $100 million in 2011.
- Promoted bilateral economic cooperation and long-term sustainable growth in Armenia by highlighting the mutual benefits of negotiating a U.S.-Armenia Trade and Investment Framework Agreement (TIFA), a Double Tax Treaty (DTT), and, eventually, a U.S.-Armenia Free Trade Agreement.