On 19 November, the US Senate adopted a Miscellaneous Trade and Technical Corrections Act that includes a provision on granting PNTR (permanent normal trade relations) status to Armenia. The House of Representatives passed the same act earlier this year.

Establishment of Armenia - US permanent normal trade relations effectively repeals application of Jackson-Vanik amendment, and Armenia-US trade relations will from now on be regulated by not only bilateral, but also international agreements including WTO ones.

The volume of Armenia - US trade relations, including Armenian exports to the US, have already started to grow. According to the US Department of Trade, Armenia's exports to the US during January - September of 2004 amounted US$33.2 million, a 42 percent increase compared to the same period of 2003.