Time in Yerevan: 11:07:36,   23 October

Negotiations underway regarding Armenia-China direct flights - deputy FM

YEREVAN, DECEMBER 15, ARMENPRESS. Trade turnover between Armenia and China in January-October of 2017 grew by 27%, deputy FM Robert Harutyunyan said during a discussion in the foreign ministry on the possibilities of expanding the Armenian-Chinese economic cooperation.

“Growth has been recorded both in terms of exports and imports. Particularly, exports volumes grew by 18,8% - comprising 100 million dollars. We must definitely think about diversifying exports, because we mostly export mining raw materials, copper, gold, gemstones and metals, while we import various products – from household items to furniture and others”, he said, adding that there is no obstacle for exporting brandy and wine.

He said that Armenia will re-launch exporting honey, which was suspended due to certain restrictions.

“We were exporting in 2015, although on small volumes – nearly 90 thousand dollars. And after working with relevant Chinese structures an agreement was initialed”, he said. Nevertheless, investments from China in 2017 was rather small, nearly 1 million dollars.

Harutyunyan also said that negotiations are underway on having direct flights with China.

“This certainly requires work, because it is impossible to organize in one day, but in addition the economic profitability of the issue must be confirmed”, he said, adding that he is hopeful that flights will be carried out more easily between Armenia and China in 2018.


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