24 мая 2024 — 16:00
The Russian-Chinese trade turnover may reach $300 billion by 2030. Dmitry Volvach, Deputy Minister of Economic Development of the Russian Federation, expressed confidence in this, TASS writes.
"We are confident that by approximately 2030, we will jointly achieve an increase in trade turnover between Russia and China to $300 billion, or 25 trillion rubles," he said during the IV Russian-Chinese Forum on Interregional Cooperation, which is taking place in Harbin (the administrative center of Heilongjiang Province, northeast of China).
According to the deputy minister, bilateral agreements between the Russian Federation and China should be complemented by "detailed plans, roadmaps with specific activities and projects." "Only then does this lead to a mutual increase in trade turnover and investment activity," Volvach stressed.
Trade turnover between Russia and China increased by 29.3% to $190 billion in 2022. In 2023, it reached a record high of $240.11 billion, an increase of 26.3%.
The IV Forum on Interregional Cooperation opened in Harbin, where the VIII Russian-Chinese Expo is taking place on May 17-21, where many companies from 16 regions of the Russian Federation present their stands. It is expected that it will stimulate the socio-economic development of the two countries, make more effective use of their investment opportunities, stimulate the implementation of joint projects, and increase the supply of high-quality products. The area of the entire exhibition reaches 388 thousand square meters, it presents over 5 thousand types of goods. The TASS Agency acts as the general information partner of the Expo.