MARCH 25 2015 (The Conway Bulletin) – Armenian president, Serzh Sargsyan, visited China, signing various deals with his Chinese counterpart, Xi Jinping, and pledging greater cooperation between the two countries.
Short on regional allies, Armenia is looking for cash and investment to help it out of a worsening economic situation. It is currently overly reliant on Russian business and aid.
With this in mind, Mr Sargsyan’s trip to China was an important one.
“The Chinese government will encourage domestic enterprises to participate in transportation, mining, electricity, information technology and infrastructure sectors in Armenia,” the Xinhua Chinese state information agency quoted Mr Xi as saying.
This is exactly what Mr Sargsyan wanted to hear. Armenian state media said that Chinese trade had increased in importance over the past year and now accounted for 10% of Armenia’s total trade turnover, up from 8% in 2013.
Importantly, too, Mr Xi accepted an invitation to visit Armenia. For Armenia, successfully courting China is important.
China, eager to boost its regional presence, has probably found a willing partner in Armenia.
Perhaps also linked to this general diplomatic push, Armenia said that it is opening a consulate in Ebril, the capital of Kurdish Iraq.
ENDS
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(News report from Issue No. 224, published on March 25 2015)