Chinese market has very large capacity for selling Armenian brandy
10.12.2011,
03:56
Chinese market has a very large capacity for selling Armenian brandy, Guan Gang, advisor at China’s Trade Mission in Armenia, said at a news conference in Novosti International Press Center after the first Armenian-Chinese business forum held Thursday in
YEREVAN, December 9. /ARKA/. Chinese market has a very large capacity for selling Armenian brandy, Guan Gang, advisor at China’s Trade Mission in Armenia, said at a news conference in Novosti International Press Center after the first Armenian-Chinese business forum held Thursday in Yerevan.
Eleven Chinese and 39 Armenian companies took part in the forum.
Gang said that Armenian brandy is known all over the world.
He told journalists that Chinese people, just like Armenians, like heavy drinks. He said he though Armenian brandy might become quite popular among Chinese consumers.
Robert Harutyunyan, representative of Armenian Development Agency, speaking at the same new conference, said that three Armenian companies – Yerevan Brandy Factory, Noy and Hayasy Group - are already exporting their products to China though in small consignments.
Harutyunyan also stressed that a very strong marketing campaign is needed for boosting Armenian brandy on China’s market.
The forum was organized on the initiative of Armenia’s Commerce and Industry Chamber and China’s Huahe International business and consulting company.
Armenia’s chamber and China’s company signed a cooperation agreement as part of the forum.
According to the National Statistical Service of Armenia, the Armenian-Chinese trade turnover in January-October 2011 decreased by 3.5% over the same period of 2010 to $341 million. Armenian exports to China totaled $9.8 million (0.9% of its total exports), a decrease of 59.6% compared with January-October 2010. The import of China-made goods totaled $331.2 million, an increase of 0.6%, while the whole volume of imports from China totaled $172.9 million (a decline of 10.9%). Armenia sells to China marble, copper concentrates, iron ore, tufa, a variety of stones, pipes, brandy and other alcoholic beverages and buys electronic products, computer equipment, household goods, building materials, hardware, cars, buses, polymers, clothing and jewellery. -0-
Eleven Chinese and 39 Armenian companies took part in the forum.
Gang said that Armenian brandy is known all over the world.
He told journalists that Chinese people, just like Armenians, like heavy drinks. He said he though Armenian brandy might become quite popular among Chinese consumers.
Robert Harutyunyan, representative of Armenian Development Agency, speaking at the same new conference, said that three Armenian companies – Yerevan Brandy Factory, Noy and Hayasy Group - are already exporting their products to China though in small consignments.
Harutyunyan also stressed that a very strong marketing campaign is needed for boosting Armenian brandy on China’s market.
The forum was organized on the initiative of Armenia’s Commerce and Industry Chamber and China’s Huahe International business and consulting company.
Armenia’s chamber and China’s company signed a cooperation agreement as part of the forum.
According to the National Statistical Service of Armenia, the Armenian-Chinese trade turnover in January-October 2011 decreased by 3.5% over the same period of 2010 to $341 million. Armenian exports to China totaled $9.8 million (0.9% of its total exports), a decrease of 59.6% compared with January-October 2010. The import of China-made goods totaled $331.2 million, an increase of 0.6%, while the whole volume of imports from China totaled $172.9 million (a decline of 10.9%). Armenia sells to China marble, copper concentrates, iron ore, tufa, a variety of stones, pipes, brandy and other alcoholic beverages and buys electronic products, computer equipment, household goods, building materials, hardware, cars, buses, polymers, clothing and jewellery. -0-
