The number of positive factors encouraging growth of trade between China and Russia is permanently increasing, spokesman for the Chinese Ministry of Commerce Gao Feng said.
"In general, the number of factors having positive impacts on the growth of the Chinese-Russian economy is permanently going up," he said. "In future, we plan to take, jointly with the Russian side, encouraging measures to optimize the structure of bilateral trade, to improve the quality of corresponding transformation processes, to create new stimuli to prompt its development."
Gao Feng cited official statistics indicating that trade relations between the two countries will continue upwards dynamics in the next few months to make it possible to exceed a threshold of $100 billion in bilateral trade in 2018.
According to China’s customs services, trade between China and Russia went up by 27.3% in January-April 2018, to reach $31.1 billion. China’s exports to Russia went up by 21.1%, to exceed $13.9 billion. Import of Russian-made products and services jumped by 32.8% to stand at $17.2 billion.Source: www.tass.com
The ministries of agriculture of Iran, Russia and Kazakhstan have concluded a trilateral memorandum of understanding on the issue of wheat trade.
Trade turnover between Russia and Germany increased 8.4% and reached nearly ˆ62 billion ($70 billion) in 2018 compared to previous year.
In 2018 Russia’s meat export amounted to 288.5 thous. t, it is a 21% increase compared to 2017.
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