ID :
10190
Tue, 06/17/2008 - 12:28
Auther :

INVESTMENT CLIMATE NEEDED TO BOOST RUSSO-CHINESE BORDER TRADE

HARBIN, June 17 (Itar-Tass) - Improvement of the investment climate
will make Russo-Chinese border trade still more effective, Chinese Deputy Minister of Commerce Yui Guangzhou stated here on Monday during the opening of the Russia Days at the 19th Harbin Trade and Economy Fair.

"It is necessary to improve the investment climate in order to promote the coordination of the work of the customs services of the two countries, and also to strengthen the financial structures," he stated. "Bilateral cooperation in the border areas must be expanded by joint actions in such sectors as timber-processing and agricultural development of the Far East and Siberia, and also by the use of the latest technologies to revive the old industrial centres in the north-eastern part of China," he added.

Heilungjiang Provincial Governor Lee Changshu stressed, in turn, that "development of cooperation with Russia is a priority goal of the current fair". He also noted the great attention, which the authorities of the two countries are devoting to this major economic forum, which was inaugurated in 1990.

Governor of Russia's Trans-Baikal Territory Ravil Geniatulin, who is present at the fair, noted that "it is a time-tested business forum, allowing to effectively promote bilateral commercial and economic cooperation". The Russia Days at the annual Harbin International Trade and Economy Fair are becoming part and parcel of this major economic forum.

This year's program of Russia Days includes, in addition to the
traditional presentations of the economic potentials of individual
regions, such functions as a special Russo-Chinese symposium on
cooperation in the domain of labour resources. Moreover, there will be a presentation of Russian special economic zones, which did not take place in previous years.

It is worth noting that twenty-one agreements were signed between
Russian and Chinese companies during the 2007 fair. They added up to a
total sum of 1.5 billion U.S. dollars in such sectors as the tapping of natural resources, energy, and light industry.

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