ArmInfo.Deputy Minister of Economy of Armenia Naira Margaryan participated in the Second World Eco-Design Conference in the Chinese city of Guangzhou.
According to the press service of the Ministry of Economy, the event was organized by UNIDO (United Nations Industrial Development Organization) and the China Industry Association.
The purpose of the Conference is to stimulate the use of individual and environmental standards to increase competitiveness and carbon emissions reduction. In her presentation, Margaryan emphasized the importance of innovation in the context of sustainable industrial development and empowerment. She also briefly presented the programs implemented in Armenia to raise awareness of innovations. During the visit, the Deputy Minister also took part in the award ceremony of the preparatory course, presenting the award in the nomination. RA Deputy Minister of Economy met with Vice President of the China Industry Association. The interlocutors discussed the possibilities of applying innovative approaches in various sectors of the economy. At the end of the meeting, an agreement was reached to continue cooperation in the field of ecodesign. According to the RA Statistical Committee, the foreign trade turnover between Armenia and China amounted to $ 742.3 million in January-October 2019 with a y-o-y growth of 16.2%. In particular, exports reached $ 143.7 million with y-o-y growth of 67.2%, while imports reached $ 598.7 million with y-o-y growth of 8.3%. According to these indicators, China holds a position in the TOP-5 trading partners of Armenia.