Armenia recognizes China's full market economy status, according to a joint statement between China and Armenia issued Monday.

The statement, signed by Chinese President Hu Jintao and the visiting Armenian President Robert Sedrakovich Kocharyan, says such a recognition is conducive for enhancing economic and trade ties between China and Armenia.

The two countries agreed that the challenge for developing countries caused by economic globalization should be acknowledged, and international society should take active measures to direct the development of economic globalization towards common prosperity.

China and Armenia, both members of the World Trade Organization, support the negotiation on the Doha Development Agenda and are willing to increase communication during the negotiation process to maintain long-term and steady growth of world economy and trade, said the statement.