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To achieve a volume of 100 billion dollars, the turnover of the RF and the PRC should grow by 7,7% per year - Rogozin

To achieve the volume of mutual trade, 100 billion of Russia and China need to increase trade by at least 7,7% per year. As the press service of the Russian government reports, Deputy Prime Minister Dmitry Rogozin said this on Saturday during talks with Vice Premier of the State Council of the People's Republic of China, Van Yang.

Dmitry Rogozin recalled: at a meeting in the Chinese city of Xi'an, the parties stated that there are difficulties in the world economy, which are reflected in the rate of its growth. Among other things, a negative impact on Russian-Chinese trade was also noted. “The latest data from customs statistics show that we are overcoming this negative trend,” Rogozin said. “But the recorded growth rates of our trade for the first half of 2014 - 4,6%, of course, are still far from what we would like to have”. The Russian Deputy Prime Minister stressed that "you need to have at least 7,7% growth per year in order to ensure by the end of 2015 the achievement of those indicators in the development of our economies, which were determined by the leaders of our two countries." We are talking about $ 100 billion.

He also noted that the meeting of the leaders of Russia and China in Shanghai opened new directions for cooperation in the field of industrial development. "Cooperation and the creation of joint projects in high-tech industries of our industry are of particular interest to us. This will allow us to reach the very same benchmarks that we need, "the Russian Deputy Prime Minister said. Dmitry Rogozin promised to specify these directions at the forthcoming meeting. By Monday, when the Russian-Chinese intergovernmental commission will pass at the level of prime ministers, concrete proposals will be formulated, he added.

Photo: Press Service of the Government of the Russian Federation

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