ArmInfo. Armenia should turn from an importing country of
technologies into an exporting country. Minister of High-Tech Industry of Armenia Vahagn Khachaturyan stated this during a meeting with Ambassador Extraordinary and Plenipotentiary of China to Armenia Fan Yong.
Noting the great role and experience of China in the international economy and in the development of high technologies, the minister stressed that the development of bilateral cooperation is extremely important for Armenia. "Our country is in a situation where it is necessary to change the logic of economic development," Vahagn Khachaturyan said.
In turn, the Ambassador said that over 40 years, China has made significant investments in the field of high technologies, the results of which are obvious today. At the same time, Fan Yong called the development of cooperation between the Ministry of Industry and Information Technologies of China and the Ministry of High-Tech Industry of Armenia quite promising. During the meeting, the parties also touched upon a number of other issues related to innovation, technology, implementation of joint programs in the field of entrepreneurship. Attaching importance to the agreements reached during the previous meetings, Minister
Vahagn Khachaturyan expressed the hope that they will be permanent, and concrete results will be achieved in the near future.
To note, according to the Statistical Committee of Armenia, the revenue of the information and telecommunication technologies (ICT) sector in H1 2021 reached 159.9 billion drams (about $ 306.3 million), exceeding the figure of a year ago by 2.8%. According to the source, the manufacturing segment traditionally accounts for the smallest share in the specified total volume - 1.2 billion drams (or 0.8%), with a y-o-y growth of 51.4%
