Sino-Russian trade recovery level before the financial crisis is the precursor of future cooperation in the energy

Beijing 12, 9 may (Xiao Yan) Russia's business representatives CIPRA section 9 morning in Beijing, China-Russia economic cooperation to achieve the recovery level before the financial crisis, in particular energy cooperation in the field of consultation from the frame into the implementation phase, will become the future bilateral trade and economic development of the "most powerful locomotive".

CIPRA branch in Russia new social beijingxinwenzhongxin "held 2010-Russian economic cooperation expected results" Conference presentations, as of September, 2010-Russian bilateral trade volume has exceeded the overall level of 2009. To October, bilateral trade volume has reached 451 million, compared to the financial crisis of 2009 increased 43.4%. Which Chinese exports to Russia grew 72.6% to $ 238 million, Russia to export growth 20.6% to $ 213 million.

Bilateral trade volume between China and Russia this year is expected to reach 550 $ 57 billion, close to the financial crisis 2008 years. CIPRA branch that 2010-Russian bilateral trade structure is not affected by financial crisis affects a fundamental change in the structure of import and export of goods does not exceed 1% of the mini to 2%.

CIPRA branch of bilateral trade recovery period features, early 2010, Russia on the rapid growth in the export, then in the Russian industry and resource requirements are very large. This trend from the second quarter, growth in exports to Russia began over Russia in export growth. CIPRA Bureau believes that currently export growth in China and Russia in faster because first of all Russia economy recovery growth, followed by further international crude oil prices contributed to Russia on the increase in product demand.

In future trade and economic development of Russia's future trends, CIPRA branch considers that bilateral energy cooperation will become the future to promote bilateral trade and economic cooperation of the strongest "locomotive". He stressed that this year Russia and oil pipeline laying success, marked bilateral energy cooperation from negotiation to implementation and long-term development of the new phase, the development of bilateral economic and trade with landmark significance.

In addition, the two countries ' cooperation in the field of energy in electric power, nuclear energy, coal, and several other important directions are making real progress. This year in Russia will reach power export 10 million kilowatts, next year the two countries is expected to reach a final natural gas cooperation agreement. The Russian Government has also introduced a lower crude oil export tax policies to encourage enterprises in the development of oil fields in East Siberia to expand exports to China.

He also pointed out that the establishment of a long-term mechanism to strengthen information exchange, mutual investment potential in the areas described is the current economic and trade cooperation between China and the main tasks in, especially this year, just start the local currency settlement projects in China and Russia, there is a big space for development.