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Trutnev: the pandemic did not affect the trade turnover between the Far Eastern Federal District and China

Trutnev: the pandemic did not affect the trade turnover between the Far Eastern Federal District and China
Photo: minvr.gov.ru

The coronavirus pandemic and restrictions in the global economy have not affected trade between the Russian Far East and China. This was stated by Deputy Prime Minister - Presidential Envoy to the Far Eastern Federal District Yuri Trutnev.

At a meeting of the Russian-Chinese Commission for Cooperation and Development of the Far East, the Baikal Region and the Northeast of the PRC, Trutnev said that for seven months of this year, the volume of trade amounted to 5,8 billion US dollars, which corresponds to the same period last year. At the end of 2019, the trade turnover of the regions of the Far Eastern Federal District and China increased by 8% compared to 2018 and amounted to $ 10,5 billion.

According to the press service of the embassy, ​​the leaders of Russia and China have set a goal to double the trade turnover between the countries - to $ 200 billion in 2024. Yuri Trutnev proposed to consider the volume of trade of $ 20 billion by 2024 with the regions of the Far East. According to the plenipotentiary, this will require an increase in the share of e-commerce and the export of deeply processed products.

This year, access to the Chinese market for Russian dairy products and frozen poultry was opened, and the first deliveries of frozen beef began. Since July 1, the Chinese side has agreed on the possibility of exporting chilled beef from Russia.

There is a positive trend in investment cooperation between Russia and China in the Far East. Currently, 59 projects with the participation of Chinese investments are being implemented in the TOP and FPV. The total investment is $ 2,4 billion, which is 73% of the total foreign investment in ASEZ and FPV.

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