Rus­sian com­pa­nies look to fa­cil­i­tate ex­port trade Of­fi­cial says CIIE is a ‘se­ri­ous op­por­tu­nity’ for busi­nesses to raise their pro­files in China

China Daily (USA) - - CHINA INTERNATIONAL IMPORT EXPO - By XU WEI in Shang­hai xuwei@chi­nadaily.com.cn

The China In­ter­na­tional Im­port Expo has pro­vided strong im­pe­tus for in­creased trade be­tween China and Rus­sia, a Rus­sian of­fi­cial said at the expo on Tues­day, as the coun­try looks to bet­ter fa­cil­i­tate growth of ex­ports to China.

“It (CIIE) is a se­ri­ous op­por­tu­nity for Rus­sian com­pa­nies to make them­selves known, to demon­strate their goods to po­ten­tial im­porters and con­sumers,” said An­drey Slep­nev, gen­eral di­rec­tor of the Rus­sian Ex­port Cen­ter Group, a gov­ern­ment-owned in­sti­tute that sup­ports ex­ports.

Speak­ing dur­ing a news brief­ing on the side­lines of CIIE, Slep­nev said the expo has al­ready shown that it is a world-class event by its scale and the num­ber of po­lit­i­cal and busi­ness lead­ers in at­ten­dance.

The Rus­sian del­e­ga­tion is led by Prime Min­is­ter Dmitry Medvedev. Af­ter the expo opened on Mon­day, he briefed Pres­i­dent Xi Jin­ping at the Rus­sian pav­il­ion about the achieve­ments of the two na­tions in the fields of nu­clear power, nat­u­ral gas and avi­a­tion.

At a later meet­ing with Medvedev on Mon­day, Xi said China and Rus­sia should con­tinue to deepen co­op­er­a­tion in many ar­eas, in­clud­ing en­ergy, agri­cul­ture, fi­nance, science and in­no­va­tion.

The trade vol­ume be­tween China and Rus­sia reached more than $77 bil­lion in the first three quar­ters of the year, a rise of 25.7 per­cent from the same pe­riod a year be­fore, the Min­istry of Com­merce said.

The rate of growth is the fastest among all of China’s main trad­ing part­ners, and the bi­lat­eral trade vol­ume is ex­pected to reach $100 bil­lion this year, the min­istry said.

Slep­nev said more than 100 Rus­sian com­pa­nies are tak­ing part in the expo, and many signed co­op­er­a­tive agree­ments with their Chi­nese coun­ter­parts, mostly in the ser­vices and trans­port sec­tors, in the first two days.

The expo has made it much eas­ier and trans­par­ent for busi­nesses to strike deals be­cause it re­duces in­ter­me­di­ary pro­ce­dures, and it al­lows for­eign busi­nesses to ap­pre­ci­ate China’s com­pet­i­tive en­vi­ron­ment and be­come ac­quainted with man­u­fac­tur­ers from other coun­tries.

Slep­nev noted that Rus­sia has seen strong ex­port growth to China since the start of the year, es­pe­cially in forestry, steel and food prod­ucts, and there has also been strong in­ter­est from Chi­nese buy­ers in Rus­sian skin care, cos­met­ics and chil­dren’s prod­ucts.

As part of ef­forts to in­crease Rus­sian ex­ports to China, the ex­port cen­ter group will es­tab­lish trade of­fices in Bei­jing and Shang­hai, along with agen­cies in more than 20 cities na­tion­wide to bet­ter serve Rus­sian com­pa­nies, he said, adding that the group will also help more Rus­sian com­pa­nies to pitch prod­ucts via China’s boom­ing e-com­merce plat­forms.

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