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Trade Turnover Between Armenia And China May Reach $500 Million

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  • Trade Turnover Between Armenia And China May Reach $500 Million

    TRADE TURNOVER BETWEEN ARMENIA AND CHINA MAY REACH $500 MILLION

    news.am
    October 12, 2012 | 17:28

    YEREVAN.- China is Armenia's important economic partner, Ambassador
    Tian Changchun said during the conference "Mutually beneficial
    cooperation between Armenia and China" held in Yerevan

    Speaking during the event organized by the Armenian-Chinese center
    for cooperation, Ambassador said cooperation between the two nations
    dates back to ancient times when the Silk Road united two cultures.

    The Ambassador also underscored the role of Armenian soldiers in the
    Soviet Army's liberation of China.

    The diplomat stressed that China considers Armenia an important
    partner in the South Caucasus.

    In this context, Ambassador stressed importance of visits, in
    particular, the Armenian President's visit to China in 2008 and 2010.

    "China is Armenia's important trade partner. In 2011, bilateral trade
    amounted to about $420 million. It may reach $500 million this year,"
    he added.

    Speaking about successful cooperation projects, he named Shanxi-Nairit
    joint venture and reconstruction of the fifth unit of Hrazdan thermal
    power plant.

    Armenia and China have signed over 40 agreements and memorandums.

    Armenia has 41 enterprises with Chinese capital.


    From: Baghdasarian
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