YEREVAN. - Ministry of Economy of Armenia submitted an agreement on trade and economic cooperation between Armenia and China to the government’s approval. The previous agreement was signed in 1992 and did not conform to new requirements.

China is Armenia’s important trade partner, 9-10% of Armenia’s foreign trade turnover falls to China.

The agreement envisages expansion of trade and economic mutually beneficial cooperation and diversification in all spheres of common interest, as well as creation of Armenia-China inter-governmental commission.