Armenia is open to Chinese investments, Minister Papoyan says
17.07.2025,
14:13
Armenia is open to Chinese investments, there are all the necessary prerequisites for giving a new dimension to trade and economic cooperation between the two countries, said Armenian Minister of Economy Gevorg Papoyan at a meeting with Chinese Ambassador to Armenia Li Xingwei.
YEREVAN, July 17. /ARKA/. Armenia is open to Chinese investments, there are all the necessary prerequisites for giving a new dimension to trade and economic cooperation between the two countries, said Armenian Minister of Economy Gevorg Papoyan at a meeting with Chinese Ambassador to Armenia Li Xingwei.
The interlocutors discussed promising areas of cooperation, including organizing meetings in the B2B format, joint projects in the areas of automobile infrastructure, electric vehicles and electric motors, expanding cooperation in agriculture, the press service of the RA Ministry of Economy reported.
Papoyan also presented the key areas of the Armenian investment policy, emphasizing the favorable conditions created for foreign investors.
The RA government's project "Crossroads of Peace" was also touched upon, which could become an important platform for regional and full-scale economic cooperation.
The Ambassador, for his part, noted that Armenia has great potential to increase its presence in the Chinese market. He also stressed that Chinese consumers are interested in Armenian products, in particular cognac (Armenian brandy), wine and tobacco.
According to Armstat, China ranks second among Armenia's foreign trade partners, second only to Russia. In January-May 2025, the Armenian-Chinese trade turnover amounted to more than $956.1 million (a 21.8% decline compared to the same period in 2024). Exports from Armenia to China amounted to almost $210.8 million (a 67.8% decline).
The interlocutors discussed promising areas of cooperation, including organizing meetings in the B2B format, joint projects in the areas of automobile infrastructure, electric vehicles and electric motors, expanding cooperation in agriculture, the press service of the RA Ministry of Economy reported.
Papoyan also presented the key areas of the Armenian investment policy, emphasizing the favorable conditions created for foreign investors.
The RA government's project "Crossroads of Peace" was also touched upon, which could become an important platform for regional and full-scale economic cooperation.
The Ambassador, for his part, noted that Armenia has great potential to increase its presence in the Chinese market. He also stressed that Chinese consumers are interested in Armenian products, in particular cognac (Armenian brandy), wine and tobacco.
According to Armstat, China ranks second among Armenia's foreign trade partners, second only to Russia. In January-May 2025, the Armenian-Chinese trade turnover amounted to more than $956.1 million (a 21.8% decline compared to the same period in 2024). Exports from Armenia to China amounted to almost $210.8 million (a 67.8% decline).
