Karapetyan: Armenia is interested in activization and expansion of interaction with Chinese investors

ArmInfo. Prime Minister of  Armenia Karen Karapetyan during the meeting with Chinese Ambassador  to Armenia Tian Erlong, underscored the importance of further  development of economic relations with China and noted that the  Armenian side is interested in intensifying and expanding cooperation  with Chinese investors. This was reported by the press service of the  Armenian government.

According to Karapetyan, the relevant regimes and environment created  in the country are favorable for the implementation of new investment  projects in Armenia. "I am convinced that joint work can give a new  impetus to the expansion of the presence of Chinese capital in the  economy of Armenia," the head of the executive body of Armenia said.

The ambassador noted that Armenia's economic indicators in 2017  create favorable conditions for new successes, expansion of economic  contacts. "We have excellent opportunities for the development of  bilateral cooperation." The trade turnover between Armenia and China  in January-November 2017 recorded a significant increase (by 34.5%)  compared to the same period in 2016, which gives a good momentum for  the activation of bilateral contacts, " said Erlong.

At the same time, he stressed that the Chinese government is ready to  expand and deepen cooperation with Armenia on specific programs. At  the same time, the ambassador informed that $ 15 million was  allocated for the construction of the Chinese school in Yerevan, the  program on updating the car park of the RA first aid will be  continued this year at the initiative of the Chinese side.

The interlocutors discussed a wide range of issues related to the  implementation of projects in such areas as industry, processing of  agricultural products, information technology, road construction,  tourism.

According to the National Statistical Service of Armenia, the foreign  trade turnover between Armenia and China in January-November 2017 was  $ 548.3 million, an increase of 34.5% compared to the same period in  2016. Export amounted to $ 110.2 million, an increase of 25.65  compared to the same period in 2016, imports - $ 438.1 million, an  increase of 37%.