Chinese and Russian Enterprisers Signed Agreement worth 4.3 Billion Dollars
Source: MOFCOM Date: 2007-03-29
Chinese and Russian enterprisers signed international trade corporative agreement worth 4.3 billion dollars .
At noon of 27, Chinese and Russian enterprisers signed 21 items international trade corporative agreement after Chinese National Exhibition Ceremony. Chinese vice Premier Wu Yi and Russian First Deputy Prime Minister Dmitry Medvedev took part in the signing ceremony.
Among the agreement and contract, 17 of trade valued at about 3.695 billion dollars；4 of economic corporation valued at about 0.586 billion dollars. It includes exports of Chinese cars, home appliance, clean tools and farmer production, as well as imports of Russian machine tools and silicic steel plate to China. The corporative items include timber processing, shipbuilding, mine development.
According to the statistics from Chinese Customs, China and Russian bilateral trade is about 33.4 billion dollars in 2006.It includes export of China 15.8 billion dollar to Russian ,the import of 17.8 billion dollars from Russian .Two government have decided to raise the volume of bilateral trade to 60-80 billion dollars by 2010.
