China to increase import of Armenian brandy and wine

PanARMENIAN.Net - 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.