On December 12, 2024, a meeting took place in Yerevan between Armenia's Deputy Minister of Economy Tatevik Sargsyan and representatives from the Ministry of Commerce of China. The two sides discussed the impressive dynamics of their bilateral trade.
Notably, for the first ten months of 2024, trade turnover between the two countries exceeded $2.33 billion, showing a 35.5% increase compared to the same period last year.
One of the most remarkable aspects was the near threefold increase in Armenian exports to China, which reached $988.5 million. Meanwhile, imports of Chinese goods to Armenia slightly declined by 2.1%, totaling around $1.38 billion.
The meeting also focused on the prospects for further expanding cooperation in agriculture and investment sectors.
Additionally, the participants addressed the preparation for the upcoming session of the intergovernmental commission on economic cooperation and Armenia's participation in the prestigious China International Import Expo, which will take place in Shanghai from November 5 to 10, 2024.
According to the meeting's participants, the existing potential for bilateral cooperation is far from exhausted, opening up new opportunities for the development of trade and economic relations between the two countries.
