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 Under the auspices of the Armenian Ministry of Diaspora a conference organized by different chambers of commerce and international business organizations has been held. Armenian PM Tigran Sargsyan has made his opening remarks in the conference. In the aftermath of the two-day discussions the delegations presenting twelve organizations adopted a decision to establish a global business association for all Armenian entrepreneurs and called it the Armenian Trade Network, a name reminiscent of the powerful old Armenian trade networks that linked East and West through trade for several centuries.

Towards the end of the conference, the founding delegates were welcomed by the President of Armenia Serzh Sargsyan who congratulated and welcomed the initiative, valued its significance for all Armenians and encouraged Diaspora entrepreneurs to seek out business opportunities in Armenia.

To the question about the status of the newly established organization and the anticipated activities, Mr. Hrach Kaspar, Armenian Trade Network Board Secretary answered: “For the upcoming two years, the founding assembly of the Armenian Trade Network entrusted the Executive Board portfolio to the Canadian delegation, which also received the mandate to register this new organization both in Canada and in international jurisdiction. I am happy to report that the registration process is already underway and will be completed within one week, following which formal activities will commence, especially the process of consolidating information on the various Armenian business communities.”