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China, Russia pledge to enhance co-op in various fields
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07:55, November 07, 2007

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China and Russia will further enhance bilateral cooperation in various fields, including economy, trade, energy, science-technology, nuclear power, astronautics, aeronautics, transportation and banking, on the basis of balanced growth and mutual benefits, said a joint communique signed on Tuesday.

The communique was signed by visiting Chinese Premier Wen Jiabao and his Russian counterpart Viktor Zubkov at the 12th regular prime ministers' talks between China and Russia.

The two sides will strive to sharply increase the proportion of electromechanical equipment and high-tech products in bilateral trade, and will take it as an important task in promoting the development of bilateral trade, the communique said.

The two sides will therefore support the work of China-Russia chamber of commerce of machinery and electronic products and manage to facilitate the implementation of joint projects of mechanical equipment and other high-tech products, it said.

The two sides maintained that practically expanding mutual investment should take high priority in efforts to boost bilateral economic cooperation, and both agreed to improve the mechanism of China-Russia meeting on investment promotion, and complete the program for China-Russia investment cooperation at an early date.

In consideration of the reality that China-Russia local and border regional cooperation plays an important role in bilateral relations, and that exists vast potential for cooperation in this regard, the two sides will actively make continued efforts to comprehensively expand and deepen local and frontier regional exchange in the fields of economy, science-technology, humanism, etc, according to the communique.

The two sides also agreed that energy cooperation is an essential part of the China-Russia strategic partnership of cooperation, and they pledged efforts to promote cooperation in the fields of oil, natural gas and electricity.

The two sides agreed to give priority to cooperation on nuclear energy while strengthening bilateral economic ties, and they expressed satisfaction over the progress in this regard.

The two countries will continue their cooperation in the construction of nuclear power and uranium-enrichment factories and begin implementing an agreement on peaceful use of nuclear energy between the two countries.

The two sides will continue to actively strengthen cooperation in science-technology, space flight, information industry, civil aviation, transportation, banking industry and other sectors, and take steps to implement the relevant cooperation projects, said the communique.

The two countries are ready to strengthen cooperation on environmental protection, noting environment issues are of particular importance in bilateral ties. The two sides agreed to sign an inter-governmental pact on the exploitation and protection of cross-border water resources.

The Chinese Premier arrived here Monday for a two-day official visit to Russia after winding up his visit to Belarus.

Russia is the last leg of Wen's four-nation tour, which also took him to Uzbekistan and Turkmenistan.

Source: Xinhua

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