ArmInfo.The Chinese company is interested in setting up a basalt fiber manufacturing enterprise in Armenia. Head of Urban Development Committee of RA Vahagn Vermishyan announced this on May 23 at a meeting of the RA Government.
According to him, the Chinese holding TEDA, in particular, with the representatives of which the meeting has already taken place, is showing interest. Investors intend to make investments of several tens of millions of dollars, the head of the Committee noted. "They are very excited about the meeting of the Prime Minister of Armenia with the leadership of China, and are set to work in our country," Vermishyan added.
In turn, the Director of the National Security Service of Armenia, President of the Football Federation of the Republic of Armenia Artur Vanetsyan informed about the desire of Chinese investors to build a stadium in Armenia that meets all international standards.
RA Prime Minister Nikol Pashinyan, commenting on the results of his trip to China, stressed that the leadership of China is ready to open the Chinese market for Armenian goods. Therefore, it is very important for potential exporters to be in constant contact with the government in order to receive any possible explanations about the conditions in the Chinese market.
To note, China is among the ten largest trade partners of Armenia. In 2018, the trade turnover between the two countries amounted to about $ 107 million. Exports from Armenia amounted to $ 4.5 million
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