Na­tion to strengthen co­op­er­a­tion with Rus­sia

Two coun­tries agree to align BRI, Eurasian Eco­nomic Union

China Daily (USA) - - TOP NEWS - Ren Qi in Moscow con­trib­uted to this story. By HU YONGQI huy­ongqi@chi­

Ef­forts will be made to bet­ter align the Belt and Road Ini­tia­tive with the Eurasian Eco­nomic Union based on open­ness, trans­parency and con­cern for each other’s in­ter­ests, ac­cord­ing to a state­ment signed by Pre­mier Li Ke­qiang and Rus­sian Prime Min­is­ter Dmitry Medvedev.

The state­ment, is­sued on Wed­nes­day, aims to pro­mote re­gional in­te­gra­tion and re­it­er­ates the great im­por­tance the two coun­tries place on bi­lat­eral co­op­er­a­tion as a longterm and strate­gic choice.

China and Rus­sia will of­fer firm sup­port to each other on ma­jor bi­lat­eral and in­ter­na­tional is­sues to achieve pros­per­ity as well as in­ter­na­tional peace and devel­op­ment, it said.

Li and Medvedev also wit­nessed the sign­ing of nine agree­ments to pro­mote co­op­er­a­tion in ar­eas such as en­ergy, agri­cul­ture, cus­toms clear­ance and aero­space, with the doc­u­ments drafted af­ter the 23rd China-Rus­sia Prime Min­is­ters’ Reg­u­lar Meet­ing in Bei­jing. Be­fore that, Medvedev was in Shang­hai to at­tend the China In­ter­na­tional Im­port Expo.

Bi­lat­eral trade vol­ume is ex­pected to hit $100 bil­lion this year and has great growth po­ten­tial, Li said dur­ing the meet­ing. He called for the two na­tions to fur­ther im­prove trade fa­cil­i­ta­tion and ex­pand two-way in­vest­ment.

The pre­mier wished for strength­ened cross-bor­der e-com­merce and co­op­er­a­tion in in­no­va­tion, es­pe­cially in tech­no­log­i­cal ap­pli­ca­tions and fun­da­men­tal re­search. Ex­changes in me­dia, tourism, health­care and sports should also be en­hanced.

China is will­ing to work with Rus­sia and other coun­tries to safe­guard fun­da­men­tal prin­ci­ples of the World Trade Or­ga­ni­za­tion and free trade, and pro­mote mul­ti­lat­er­al­ism, Li said. China would like to fur­ther co­or­di­nate the BRI with the union and wel­comes other coun­tries to join in and build an open co­op­er­a­tion plat­form, he said.

Medvedev said Rus­sia is ready to ex­pand bi­lat­eral trade and two-way in­vest­ment with China. He called for the es­tab­lish­ment of an in­vest­ment fund for in­no­va­tion, and strength­ened co­op­er­a­tion in e-com­merce, agri­cul­ture, nu­clear power, trans­port and co­op­er­a­tion in Rus­sia’s Far East re­gion and North­east China. Both coun­tries should safe­guard mul­ti­lat­er­al­ism and the WTO-based free trade sys­tem, and fight against uni­lat­er­al­ism and pro­tec­tion­ism.

Af­ter the meet­ing, the two lead­ers met with jour­nal­ists. Li said reg­u­lar bi­lat­eral meet­ings have been held over the past 22 years, and this de­mon- strates the high level of the Sino-Rus­sian com­pre­hen­sive strate­gic part­ner­ship and co­op­er­a­tion in di­verse fields.

The two na­tions should pro­mote a sta­ble sup­ply and de­mand bal­ance for en­ergy, and de­velop new growth driv­ers in re­sources and agri­cul­tural prod­ucts, Li said.

Medvedev said both coun­tries should sup­port the devel­op­ment of small and medi­um­sized en­ter­prises and pro­mote projects in ar­eas in­clud­ing petroleum and nat­u­ral gas.

Stanislav Mi­tra­hovich, chief ex­pert at the Na­tional En­ergy Se­cu­rity Foun­da­tion of Rus­sia, said the two coun­tries signed an agree­ment on new projects for the Tian­wan nu­clear power plant in Jiangsu prov­ince on Mon­day. Such co­op­er­a­tion is im­por­tant for both sides, as Rus­sia al­ways seeks to ex­port its ad­vanced nu­clear power tech­nol­ogy, Mi­tra­hovich said.

Igor Yushkov, a pro­fes­sor at Fi­nan­cial Univer­sity in Moscow, said China will likely in­crease its par­tic­i­pa­tion in en­ergy projects in Rus­sia. The two coun­tries’ en­ergy sec­tor co­op­er­a­tion has great po­ten­tial, he said.


Pre­mier Li Ke­qiang and Rus­sian Prime Min­is­ter Dmitry Medvedev con­verse while wit­ness­ing the sign­ing of sev­eral co­op­er­a­tion doc­u­ments on Wed­nes­day in Bei­jing.

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