CHINA TO INCREASE IMPORT OF ARMENIAN BRANDY AND WINE

PanARMENIAN.Net
April 7, 2011 – 17:24 AMT 12:24 GMT

The 6th meeting of the Armenian-Chinese intergovernmental commission
has completed in Yerevan.

Armenian co-chairman of the commission, RA Deputy Minister of Economy
Ara Petrosyan told journalists that agreements on cooperation and joint
programs in various fields were reached – infrastructure construction
(North-South highway, Armenia-Iran railway), silk production in
Armenia, energy, mining industry, tourism and construction.

Petrosyan added that around 20 investment projects were submitted to
China for its consideration and response in the near future.

Director-General of the Department of European Affairs of the Ministry
of Commerce of the People’s Republic of China, Sun Yongfu said for
his part that the trade turnover between the two countries does not
correspond to their existing opportunities, despite the stable growth
in the trade turnover over the past years (from 2007 to 2011 – 120%
growth per year).

Yongfu added that the Chinese government is going to take actions
to increase import, specifically, of brandy, wine and minerals from
Armenia.

Petrosyan and Yongfu also added that the visits of Armenian President
Serzh Sargsyan and Prime Minster Tigran Sargsyan to China in 2010,
as well as the agreements reached during them gave an impetus to the
Armenian-Chinese relations.

From: A. Papazian