ZCZC
BCN-09
RUSSIA-CHINA-TRADE
Russia-China trade turnover may grow to $200 bln in near future
BEIJING, June 13, 2019 (BSS/TASS) – Trade turnover between Russia and
China may grow to $200 bln in the near future, Economic Development Minister
Maxim Oreshkin said in an interview with Xinhua news agency on Tuesday.
“It is expected that in the next few years, bilateral trade between Russia
and China will reach a new level, and trade will reach $200 bln,” Oreshkin
said.
“The Russian-Chinese memorandum of understanding and stimulating the
development of bilateral trade, signed recently in Moscow [during the visit
of Chinese leader Xi Jinping], will help increase bilateral trade to the
target value,” he stressed.
Oreshkin also noted that two countries need “not only to implement large
projects, but also to make diversified deliveries of end-use goods and
investment goods.”
“These volumes will grow very actively,” he said.
According to the Russian minister, “this year the parties intend to
continue to increase the volume of trade, which will serve as a starting
point for achieving new horizons.”
The minister states complete mutual understanding between Russia and China
for the moment.
“In this spirit we will continue,” he concluded.
According to the Central Customs Administration of China, the trade
turnover between Russia and China in 2018 increased by 27.1%, exceeding $107
bln.
In 12 months, the volume of exports from China to Russia increased by 12%
and exceeded $47.97 bln, the import of Russian goods and services to China
grew by 42.7% to $59.08 bln.
BSS/TASS/HR/1025