The democratic changes in Armenia did not trigger any tectonic shifts in our foreign policy. Armenia remains committed to its international obligations and foreign policy partners, Armenian Prime Minister Nikol Pashinyan writes in his article published on the website of the World Economic Forum in Davos.

According to him,  the democratic Armenia can be a more valuable contributor to the political-military and economic unions which it is participating in.

"Achieving coherent democracy is a difficult process – it requires substantial time, unconditional commitment, and even a change in mentality. We have only taken the first steps in this everlasting path.

With the unprecedented level of public confidence and legitimacy, the Government of Armenia adopted an ambitious reform agenda. The robust fight against corruption, eradication of monopolies, the establishment of a level playing field for all economic and political actors, the elimination of poverty, and an independent judiciary system are among the priorities of our Cabinet," Pashinyan noted.

He stressed that currently the Armenian government is concentrated on the economic transition. 

"We have opened an entirely new page: now there is a true competitive environment for doing business in Armenia. We are improving the regulatory framework, eliminating barriers to trade, modernizing infrastructure, increasing the competitiveness of the Armenian products, and attracting foreign direct investment.  Along with such traditional fields as mining, agriculture, diamond processing, textiles, mineral water, wine and liquors, we are boosting industry-based economy, focusing on sectors with the greatest growth potential, including communication technologies, education, water recourses, health, tourism, and renewable energy.

Armenia, as a member of the Eurasian Economic Union (E.E.U.), plays a good bridging role between the E.E.U. and the European Union, creating multiple opportunities for western companies to do business within the E.E.U., utilizing the knowledge and skill of Armenians, thoroughly familiar with this market and its rules. As a member of WTO, Armenia benefits from Most Favored Nation status with all other WTO member countries. We signed the “Comprehensive and Enlarged Partnership Agreement” with the European Union, which is connecting Armenia to the E.U. both economically and politically. Thus, there all the opportunities for foreign investors to start their business in Armenia," the PM added.

Pashinyan noted that Armenia is on the path to building a truly technological and industrial economy that would meet 21st-century standards with ever wider opportunities and prospects to position Armenia as a country producing high-value and knowledge-intensive goods and services with creative human capital at its core.

"We are determined to move forward on this path in order to reach our final goal – a stable, democratic, and economically developing Armenia based on the rule of law and accountable governance. We have no right to fail. We ought to justify the trust of our people and protect democracy, ”the author summed up.