Monday, September 23 2019 15:07
Marianna Mkrtchyan

Tian Erlong: China in Armenia is looking for directions for  investments, including within the framework of the  "One Belt - One  Road" initiative

Tian Erlong: China in Armenia is looking for directions for  investments, including within the framework of the  "One Belt - One  Road" initiative

ArmInfo. China in Armenia  is looking for directions for investments, including within the  framework of the  "One Belt - One Road" initiative.  Chinese  Ambassador to Armenia Tian Erlong said this on September 23 at a  press conference in Yerevan gnswering the question of ArmInfo  correspondent.

According to him, the  "One Belt - One Road" initiative is a large  project, one of the components of which is investment. "We are  actively seeking investment cooperation. If we are in the second  place in the trade and economic field, it seems to me that this  satisfies us, although at the same time we strive to further develop  our cooperation, but investment cooperation is a priority. For  example, we considered the possibility of investing in a smelter, but  for objective reasons, the process of implementing this project is  slowing down. In addition, there are a number of sectors in which we  can cooperate in the part of medium and small business, for example,  the textile industry. Today we have joint production cooperation with  the "Alex", company "he said, adding that this made it possible to  open several hundred new jobs for Armenian citizens.

According to the Ambassador, the possibility of opening a factory for  the production of drinking and mineral water in Armenia is also being  considered, since China is a potential huge market. Once again  emphasizing that the search for directions for investment is being  conducted, the Ambassador assured that the results will certainly be,  but in the future. Erlong noted that the possibility of building  infrastructures, developing interaction between twin cities is being  considered, giving as an example, the cooperation between Gyumri and  Siyan.

At the same time, he stressed that China and Armenia consider each  other as friendly states, and relations between the two countries  have been established since ancient times. "In modern realities, our  relations have been steadily developing since the establishment of  diplomatic relations. The volume of mutual trade has been steadily  increasing. Mutual visits by our citizens are increasing, and I am  convinced that liberalization of the visa regime will further  increase the tourist flow between the two countries," the Ambassador  said, recalling that the agreement has already been signed, and it  remains to ratify it by the Armenian side. Erlong believes that  Armenia will complete all procedures this year.

The diplomat also spoke about the progressive development of China  over the past 70 years, becoming a state with a powerful economy, the  second largest in the world. "We are the largest trading partners of  120 countries of the world. For Armenia, as I believe, we are not the  first, but the second and strive to further increase cooperation in  such areas as the ""One Belt - One Road" "initiative, in the  humanitarian sector and many other fields", the Ambassador summed up.

According to the data of the National Statistical Committee of the  Republic of Armenia, the foreign trade turnover between Armenia and  China in January-July 2019 amounted to $ 500.3 million, with an  increase of 22.6%, while exports amounted to $ 105.5 million, an  increase of 72.6%, import - $ 394.8 million with an  increase of increase of 13.8%.

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