XINJIANG UYGUR AUTONOMOUS REGION OF CHINA INTENDS TO MAKE INVESTMENTS IN ARMENIAN ECONOMY

Noyan Tapan
March 24, 2008

YEREVAN, MARCH 24, NOYAN TAPAN. The RA president elect, prime minister
Serge Sargsian on March 22 received the delegation of businessmen
representing the Xinjiang Uygur Autonomous Region of China.

Speaking about the purpose of the visit, the head of China’s foreign
trade and economic cooperation department Jiang Ye said that the
Xinjiang Yugur Autonomous Region intends to develop and strengthen
elonomic links with Armenia and make investments in Armenian economy.

S. Sargsian pointed out that Armenia’s political relations, as
well as its cooperation with China in the economy and other spheres
are strengthening year by year. In his words, the visit of such an
impressive delegation to Armenia bears evidence of growing interest
in the Armenian market. He underlined the importance of a favorable
investment environment and competitiveness for any country, adding that
the Armenian government is taking sersious steps in this direction.

According to a press release submitted to NT by the RA Government
Information and PR Department, during the meeting the members of the
Chinese delegation and the Armenian prime minister discussed issues
of mutually beneficial cooperation in mining industry, metallurgy
and some other sectors.