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China becomes Russia's biggest trading partner

(Guangming Daily)

15:28, October 09, 2011

Edited and Translated by Yao Chun, People's Daily Online

According to Chinese customs officials, China has become Russia's biggest trading partner.

Exports and imports between the two countries totaled 50.8 billion U.S. dollars from January to August of this year, up 43.7 percent compared with the same period last year,.

This year is the 10th anniversary of the signing of China-Russia Good Neighborly, Friendly Relations and Cooperation Treaty and the 15th anniversary of the establishment of a strategic cooperative partnership between these two countries.

At the third meeting of the China-Russia Customs Cooperation Committee, which was held on Oct. 7, both sides agreed that the customs should seize the new opportunities for rapid development of bilateral relations, further deepen cooperation and make contributions to achieve the bilateral trade targets of 100 billion U.S. dollars before 2015 and 200 billion U.S. dollars before 2020.

Yu Guangzhou, director of General Administration of Customs said that the economies between China and Russia are strongly complementary to each other and bilateral trade presents a good development momentum. However the "Gray Trade and Strict Customs" between China and Russia still exists.

Both sides should continue to strengthen cooperation, facilitate customs clearance, carry out clearance knowledge training for enterprises as well as make joint efforts to Combat smuggling.


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