Armenian Minister of Economy Gevorg Papoyan, today in Yerevan, met with U.S. Chargé d’Affaires in Armenia David Allen and Head of the Economic and Trade Section of the U.S. Embassy Edward Eichler and discussed the process of granting Market Economy Status (MET) to Armenia by the U.S.

For a country to be considered a market economy, its government must formally request the United States or receive support from the petitioner in the US anti-dumping investigation that the country has a market economy. The Department of Commerce must investigate and consider six main factors:

1. The extent of the country’s currency conversion.
2. The degree of freedom in determining wages through negotiation.
3. The ability for foreign companies to form joint ventures or invest.
4. Government control over production materials.
5. Government control over resource allocation and decisions regarding prices and output of enterprises.
6. Other factors deemed appropriate by the managing authority.