The historic level of U.S. investment in Armenia in 2015 is just the beginning of expanded trade and investment ties, which are of vital significance to Armenia, the Caucasus, and beyond.

According to Armenian Foreign Ministry press service, U.S. President Barack Obama said it over a meeting with newly accredited Armenian Ambassador Grigor Hovhannissian.

On January 28, Ambassador Grigor Hovhannissian presented his letters of credence to the President of the U.S. Barack Obama.

President Obama congratulated Ambassador Hovhannissian on the occasion of his accreditation and expressed confidence that at the current junction of bilateral relations Ambassador Hovhannissian, through his experience, will contribute to further strengthening of the friendship between Armenia and the U.S.

Ambassador Hovhannissian conveyed to President Obama the greetings and warm wishes of the President of Armenia Serzh Sargsyan, who will be attending the upcoming Nuclear Security Summit in Washington, DC.