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China, Russia pledge to enhance cooperation in trade, energy, technology
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08:07, October 29, 2008

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China and Russia issued a joint communique here Tuesday, pledging to strengthen bilateral cooperation in trade, energy, science and technology and environmental protection.

The communique was signed by visiting Chinese Premier Wen Jiabao and his Russian counterpart Vladimir Putin at the 13th regular prime ministers' talks between the two countries.

The two countries will make joint efforts to further expand trade and economic cooperation, so as to promote their economic development.

Both sides should give full play to the role of the China-Russia Chamber of Commerce of Machinery and Electronic Products, and take practical measures to increase high-tech products in bilateral trade, said the document.

The two sides will, in the principle of equality and mutual benefit, make use of the Sino-Russian investment promotion conference and take measures so as to sign a draft plan of China-Russia investment cooperation at an early date, to create a sound investment environment, effectively protect the legal rights and interests of investors, implement investment projects of mutual interests, and expand cooperation in industrial projects, infrastructure construction and renovation.

The two sides will continue to step up regional cooperation along the border, to further regulate the cross-border trade order, improve the structure of commodities, and upgrading the infrastructure in port cities.

Substantial measures need to be taken to speed up consultations on a draft cooperation plan between China's old northeastern industrial base and Russia's Far Eastern region.

The two both sides reaffirmed that energy cooperation is an important part of the China-Russia strategic partnership of cooperation, and the two nations should deepen energy cooperation on the basis of mutual benefit.

Both sides agreed to support cooperation in oil and gas, including long-term trade of crude oil, the construction of oil pipelines linking Russia and China, the upstream and downstream cooperation in oil fields, natural gas supply and the establishment of natural gas processing and chemical enterprises.

The two nations will further deepen cooperation in electric power including Russia's resumption of electricity sale to China.

Both sides will continue cooperation in the field of nuclear energy, including the construction of Tianwan Nuclear Power Plant, uranium mining, post-processing of spent fuel and the circulation of nuclear waste.

The two sides also agreed to widen and deepen long-term cooperation in space technology to ensure the completion of the 2007-2009 space cooperation program as scheduled.

In the fields of science and technology, China and Russia, by combining their efforts in high priority fields of scientific research, will implement joint projects with great innovative potential and commercial prospects. The two sides will further promote cooperation in nanotechnology, energy, energy saving, ecology and rational utilization of natural resources.

The two sides also agreed to push forward bilateral cooperation in transportation and traffic infrastructure.

The two sides agreed to enhance cooperation in such areas as trade and project financing, bank card and export credit insurance, in a bid to provide convenience to participants in economic and trade cooperation.

Both sides would further cooperation in the civil aviation sector.

The two sides spoke highly of bilateral cooperation in telecommunication and information and communication technology, vowing to continue pragmatic cooperation in these fields.

The two sides pledged to improve the cooperative mechanism in anti-monopoly, supervision of advertisement law and anti-unfair competition, and to expand and deepen cooperation in information exchange in the border area.

Both sides will continue to expand cooperation in disaster relief and strengthen relevant exchange in science and technology and information.

The two sides are willing to boost cooperation in environmental protection and reasonable utilization and protection of cross-border water.

Source: Xinhua

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