Armenia-China Strategic Partnership opens new opportunities for infrastructure development, says minister
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The strategic partnership between Armenia and China opens new opportunities for infrastructure development, the Armenian Minister of Territorial Administration and Infrastructures David Khudatyan has said.
Speaking to Armenpress, Khudatyan lauded Prime Minister Nikol Pashinyan’s productive visit to China.
“The strategic partnership opens up new opportunities,” he said.
“I am sure you are aware that we have been implementing several major projects with our Chinese partners, they are involved in our major infrastructure projects, particularly the North-South Road. The Chinese company has nearly completed its work there, and another Chinese company is involved in the construction of the Kaps reservoir. We hope that this project will have success, albeit the certain difficulties,” the minister said.
He added that there are new opportunities in road and energy infrastructure projects.
“This is a new opportunity to involve new partners in the construction of infrastructures that we have been planning to launch soon, and these are rather big projects, mostly road and energy infrastructures, and I hope the visit will contribute to launching these projects, as well as their successful course. As I said, Chinese partners have broad involvement in our major infrastructure projects and we are discussing their involvement in new ones.”
Khudatyan said that the Armenian government’s policy of unblocking infrastructures opens new prospects both regionally and globally. “We hope that the unblocking of regional infrastructures will also allow us to increase the trade turnover with China and other countries, and we are moving in this direction,” he said.
PM Nikol Pashinyan and Chinese President Xi Jinping held a meeting within the framework of the SCO Summit in Tianjin and announced the Strategic Partnership between Armenia and China.
Minister of Economy Gevorg Papoyan also lauded the strategic partnership.
He said it would open new opportunities for the Armenian economy.
He said the countries intend to improve trade and investment legislation to facilitate commerce and investments. Papoyan said he expects growing trade between Armenia and China, and more Chinese investments, which are “the most attractive ones” in the world.
“The strategic partnership will open new opportunities overall for our economy, and of course for individual businesses in the private sector, who can not only attract investments from the Chinese economy, but also deepen our trade-economic ties. They can import and export products in a simplified commercial procedure.”
In 2024, the Armenia-China trade nearly doubled compared to 2023, amounting to nearly 2,3 billion dollars. Papoyan lauded the growth and expressed hope for more impressive results this year.