A Memorandum of Understanding (MoU) was signed in Washington, D.C., on February 28th, between the National Competitiveness Foundation of Armenia and the Global Federation of Competitiveness Councils.

By signing the MoU, NCFA will become a member of the Global Federation of Competitiveness Councils. The MoU was signed by NCFA CEO Arman Khachaturyan and Executive Director of the Global Federation on Competitiveness Councils William Bates.

According to the MoU, the Parties will establish a strategic partnership in order to promote sustainable economic growth and develop effective global competitiveness policies and strategies, high-value innovation business activity, scientific and technological collaboration and innovation-based growth.

The GFCC is a global non-profit organization that brings together competitiveness councils from countries including the United States, Brazil, Japan, Korea, Russia, Saudi Arabia and the United Arab Emirates. --0--