According to Chinese statistics, January-July of bilateral trade reached 307 billion, an increase of 49.6%/year, is expected to be recovered to the level before the financial crisis. Significant improvement in the trade structure of both sides, Russia concerned about mechanical and electrical products exports to China have been continuously 3 years implementation of restorative growth, high-tech products in the first half of this year, exports to China rose up 174%.
20, Sino-Russian economic and trade Subcommittee of the thirteenth meeting held in Moscow, the Minister of Commerce Chen Deming of China and Russia's economic development Minister Nabil El Linna co-chairs, from both government departments and local, corporate representatives participated in this meeting.
Sides positively assess the current state of development of Sino-Russian economic and trade relations, agreed that bilateral trade relations between China and gradually overcome the adverse effects of the financial crisis, is reentered steady growth track. According to Chinese statistics, January-July of bilateral trade reached 307 billion, an increase of 49.6%/year, is expected to be recovered to the level before the financial crisis. Significant improvement in the trade structure of both sides, Russia concerned about mechanical and electrical products exports to China have been continuously 3 years implementation of restorative growth, high-tech products in the first half of this year, exports to China rose up 174%. Mutual investment quickly expanded, Chinese direct investment in Russia last year growth 73.5% and growth in the first half of this year, Russia 58.5% to direct investment grew 18.3%; cooperation between the two sides in special economic zones, intellectual property protection, standards, certification, border and area, wood processing, and other notable progress in the field of cooperation. The two countries also in the Shanghai Cooperation Organization, the Asia-Pacific economic cooperation (APEC), the BRICs and other multilateral areas of good economic and trade cooperation, China reiterates its strong support for Russia's early entry into the WTO, the Russians are grateful.
Both investment and economic and technical cooperation, and mechanical and electrical products trade, border areas and trade cooperation, wood processing, special cooperation, infrastructure construction, specifications and trade order, labor cooperation, agricultural products, inspection and quarantine of the people, energy-saving and new energy industry collaboration, the expansion of the respective local currency cooperation issues of concern to the full exchange of views, and reached a broad consensus.
Chen Deming said that China will continue to encourage domestic enterprises to expand investment in Russia, in Russia the construction of infrastructure, and also welcomes Russian enterprises to expand their business, both sides should work together to improve the investment environment, protection of the legitimate interests of investors, to facilitate the implementation of the project. China will continue to take positive measures to expand on Russia and electrical products import to enhance bilateral trade structure, and also hope that the Russian side to China Automotive and other products to create favorable conditions for the Russian market.
Chen Deming noted that China and Russia for trade order work achieved certain results, should continue to strengthen management, promoting trade mode change. Chinese support Russia's efforts to establish more convenient customs clearance channel, also encouraged the State-owned enterprises in Russia established Trade Centre, carry out wholesale logistics business, promote China commodity specifications entered the Russian market, want Russia to be the appropriate support.
Nabil Al Linna said that Russia is very welcome Chinese enterprises to undertake investments in Russia, in particular the processing industry, high-tech, civil commodity production, mineral mining, infrastructure construction, and other priority areas for economic modernization, and participate in the development and construction of special economic zones of Russia, Russia to set up a special working group to promote Russian investment cooperation. Russia is willing to work with China on more specific cooperation projects, consolidating both mechanical and electrical products trade increased momentum, and the other products offer fair market access environment. Russia is willing to work with China closer customs cooperation to combat gray clearance, strengthening port construction, improve the efficiency of customs clearance. Nabil Al Linna also on China to Russia should provide assistance to the catastrophic fire.
Both sides agreed on the 1992-Russia intergovernmental economic partnership agreement is revised, to actively promote local currency settlement from border trade expanded to two countries generally trade. After the meeting, both sides signed the minutes of the two countries, chambers of Commerce and business are also signed several cooperation agreements. On the same day, Chen Deming also met with the Minister of industry and trade of Russia Khristenko.
Chen Deming is 18, visit Russia, visiting Moscow, Chen Deming was also invited to visit the Irkutsk oblast and Governor Mezen Zaitsev. The two sides seriously implement the northeast of China and the Russian Far East and Eastern Siberia cooperation platform for planning, push to focus cooperation project, an in-depth exchange of views.
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