California Senate Passes California-Armenia Trade Office Bill

• 05.23.2019, 14:10
•  America,  Armenia,  Diaspora

KPCC

Legislation that will re-establish a trade office between California and Armenia passed in the State Senate on consent with unanimous support on Wednesday. The bill, SB 302, was authored by State Senator Anthony J. Portantino, Asbarez reports. 

SB 302 will establish a regional trade office to promote economic relations in a developing area of the world that show emerging market potential. The regional trade office would be located in Armenia and would serve the developing economies of Eastern Europe and Western Asia. Armenia has worked hard to develop diplomatic and economic ties worldwide. Today, 120 countries have recognized Armenia as an independent state and over 70 countries have established direct diplomatic relations.