YEREVAN. – If Armenian business environment improves, American businessmen will make large investments in Armenia, the U.S. Ambassador John Heffern said in Yerevan on Thursday.

During the conference on competitiveness, limits and solutions, one of the participants asked how much the competitiveness environment promotes for foreign investments in Armenia. In response Ambassador said that many Americans had carried out serious projects by repairing monuments and churches in Armenia, however, investment activity is not so large.

The main obstacle is non-predictability, non-clarity, especially in the tax and customs field. Besides, American companies underscore the importance of rule of the law.