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Friday, June 22, 2001, updated at 09:46(GMT+8)

Fair Highlights Sino-Russian Business Ties

China and Russia hope to improve bilateral trade co-operation by enhancing technological exchanges in the future.

Russia and China did a record US$8 billion in trade last year and US$3.1 billion through the first four months of this year.

Now officials hope for even more.

"We hope to strengthen our governmental co-operation to achieve a brighter future together,'' said Wang Junwen, Trade Minister-Counselor of China in the Russian Federation, at the on-going 12th China Harbin Fair of Economic and Trade Co-operation.

The seven-day trade fair, which ended in Harbin on Thursday, is a key activity in promoting the Sino-Russia economic relationship. Harbin is the capital of Northeast China's Heilongjiang Province, which borders the Russian Federation and is most involved in trade with Russia and Eastern Europe.

"We are pleased with the Sino-Russian trade relationship and want more imports, exports and technological co-operation,'' said Yuri A. Khokhlov, a prominent Russia trade official.

The fair featured 525 high-tech exhibits from universities, scientific academies and high-tech parks in Heilongjiang and the Russia Federation. These items involved electronics and communication, bio-engineering pharmaceuticals, new materials, new energy, agriculture, environmental protection, aeronautics and space technology.

So far, the two countries have established technological collaborations in telecommunications, agriculture, machinery, forestry, manufacturing, food processing and television manufacturing sectors.

China has established State-level China-Russia High-tech Co-operation Centres in Harbin, Yantai in East China's Shandong Province and Juhua in East China's Zhejiang Province.

The two countries hope to seek further technological co-operations in the telecommunications, computer systems and cosmetics industries, Khokhlov said.

"The Russian Federation is strong in the scientific and high-tech field, and to enhance our technological co-operation will accelerate the development of the province's high-tech industry,'' Heilongjiang Province Governor Song Fatang said.

The province is setting up a series of preferential policies to court more high-tech projects and experts from Russia.

"We have built a Sino-Russia Technological Co-operation Information Centre on the Internet and we will spare no efforts to help develop the province's three China-Russia high-tech co-operation and industrialization bases into good project incubators,'' said Li Fan, director of international co-operation division with Heilongjiang's Department of Science and Technology.

The province also plans to establish a scientific and technological incubation centre in Moscow, Song said.

Source: China Daily

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China and Russia hope to improve bilateral trade co-operation by enhancing technological exchanges in the future.

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