Organizational issues exist agreed with Meghri free economic zone: Tigran Khachatryan

There are some organizational issues agreed with Meghri free economic zone, economic development and investments minister Tigran Khachatryan told the reporters today, adding that the issues relate to land formulations.

“Currently the land fixed for the trade economic zone does not exceed 2 hectares. For the future it is expected to provide 10 and then 50 hectares for it,” the minister said.

Speaking about investments, Khachatryan said that a Chinese company is planning to establish an industrial zone in Armenia on 40 ha territory and produce aluminum items and furniture that will be exported to Europe. The investments will total 100 million USD.

As to the export of Armenian goods to China, the minister said not big volume of wine has been exported to China, while the possibilities of doing it are much bigger.

“It is a matter of time, there are big opportunities in the Chinese market. Many Chinese delegations are visiting Armenia to discuss investment projects,” the minister said.