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David Fogel Emphasizes U.S. Department of Commerce’s Readiness to Work with Industry Partners to Support Mutually Beneficial Trade and Investment Opportunities in the Region

March 16,2026 10:29

Referring to the agreements reached during U.S. Vice President JD Vance’s visit to Armenia in February, U.S. Assistant Secretary of Commerce and Director General of the U.S. and Foreign Commercial Service at the International Trade Administration (ITA), David Fogel, emphasized on the official U.S. government website trade.gov the readiness to work with partners in U.S. industry to promote investment and trade.

“…Building on Vice President JD Vance’s recent visit to Armenia and Azerbaijan, the Department of Commerce will continue to work with industry and regional partners to support mutually beneficial trade and investment opportunities across the region.”

The following quote by the Ambassador of the Republic of Armenia to the United States, Narek Mkrtchyan, was also published on the same platform:

“On August 8, 2025, President Trump brokered a historic peace between Armenia and Azerbaijan, unveiling the Trump Route for International Peace and Prosperity (TRIPP) as part of the Armenia Crossroads of Peace project. This key initiative opens new pathways for communication, trade, and connectivity, fostering stability, growth, and prosperity across the South Caucasus and beyond, into Central Asia and Europe. Vice President Vance’s February 2026 visit advanced TRIPP’s implementation and agreements on AI, semiconductors, energy, defense, and capacity building, unveiling multi-billion-dollar projects in AI and nuclear energy. As Armenia rapidly emerges as a regional AI hub and key U.S. partner, TRIPP positions the region at the forefront of economic prosperity, innovation, and unprecedented opportunity.”

Embassy of Armenia to the United States

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