Moscow and Beijing have set the target of boosting trade turnover to $200 bln by 2024, China’s new Ambassador to Russia Zhang Hanhui told reporters.
According to the figures provided by China’s General Administration of Customs, trade turnover between Russia and China increased by 4.7% in January-July period of 2019 year-on-year to $61.13 bln.
The growth trend emerged in 2016 when Russia-China trade turnover gained 2.2% in annual terms to $69.52 bln. In 2017, it surged by 20.8% year-on-year to $84.07 bln, while in 2018 it added 27.1% to over $107 bln.
Russia was one of the first countries to establish diplomatic relations with Vietnam, laying the groundwork for a strong bilateral and economic relationship between the countries.
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