The 4th Eastern Economic Forum (EEF)
Representatives of Russia and China are expected to sign a number of important documents on bilateral cooperation during the Eastern Economic Forum to be held in Russia’s Far Eastern city of Vladivostok next week.
"At present, relevant agencies of the two states are about to complete discussions on cooperation documents, including cooperation in the Far East, educational exchanges and other matters," Chinese Deputy Foreign Minister Zhang Hanhui told reporters.
He added that Chinese President Xi Jinping will attend numerous bilateral and multilateral events during his visit to Russia.
"The most important of those events will be the meeting with Russian President Vladimir Putin, the third this year," the Chinese diplomat said. "The heads of the two states will also take part in several cultural, trade and other state-level events. Chinese President Xi Jinping will make a speech at the plenary session of the forum."
The Chinese diplomat said leaders of nine Chinese regions and their 13 Russian counterparts will take part in the forum
"It will be a very large-scale meeting from the point of view of regional cooperation," he said. "This year is the year of regional cooperation between China and Russia. We will hold a dialogue of regional heads, exchange useful experience of cooperation in the Far East and will therefore make full use of the two important platforms of cooperation: between northwestern China and Russia’s Far East, and under the Volga-Yangtze mechanism."
The 4th Eastern Economic Forum (EEF) will be held in Vladivostok on September 11-13, 2018, under the slogan ‘The Russian Far East: Expanding the Range of Possibilities.’ TASS is the event’s general information partner, an official photo host agency and moderator of the investment projects' presentation zone.
We noted with satisfaction that bilateral trade Russia - China increased by almost one third in the first six months of the year, reaching $50 billion. We have every reason to believe that by the end of the year, trade will reach a record high of $100 billion.
The signing in May 2018 of the Agreement on Trade and Economic Cooperation between the EAEU and China creates additional opportunities for expanding bilateral trade flows.
Russia and China reaffirmed their interest in expanding the use of national currencies in bilateral deals, which would improve the stability of banking services during export and import transactions under the risky conditions on the global markets.
Energy is an important area of cooperation. Last year, Russia supplied 30 million tonnes of oil to China as part of intergovernmental agreements, or over 52 million tonnes when commercial deals are taken into account.
The construction of the Power of Siberia pipeline is being carried out as planned. The launch is scheduled for late 2019. Agreement has been reached on the main conditions for gas supply from the Far East. Chinese investors own a large share in the Yamal LNG project. Clients in 14 countries, including China, have received four million tonnes of liquefied natural gas from this enterprise since December 2017.
Exports of Russian agricultural products to China increased by more than 50 percent during the first six months of this year: for example, 656,000 tonnes of grain were exported, more than during the whole of 2017.
Russian Trade Organization