Chinese leader Hu Jintao and Armenian President...

Last year the Armenian and Iranian transport ministers signed an agreement to build a railway linking Armenia with Iran"s Persian Gulf ports. The construction of the 470-kilometer long railway, with 410 kilometers passing through Armenian territory, is expected to last for at least five years and to cost $1.5-$1.8 billion.

"Sargsyan said that a development of the relations with China is a priority of Yerevan foreign policy, and noted that bilateral relations do already have a good dynamic of their development," the statement said.

The sides also noted with satisfaction the successful implementation of various joint projects in energy, chemical industry, agriculture, science and technology, defense, culture and education, stressing that an exploitation of the Shanxi-Nairit joint Armenian-Chinese chloroprene rubber production plant is an important evidence of the development of Armenian-Chinese economic cooperation.

Last year Armenia reached an agreement with Iran

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