The increase in bilateral trade turnover of Russia and China to $ 200 billion by 2024 is feasible, but requires the opening of new niches, said Russian trade representative in China Sergei inushin.
The leaders of Russia and China had earlier set the task to double the trade turnover between the two countries, to bring it from $ 100 billion a year to $ 200 billion by 2024. The $ 100 billion was reached in 2018.
Russia does not observe any problems in trade with China, a small decrease in turnover due to objective factors, said Russian trade representative in China Sergei inushin.
According to him, first, the reduction is measured in small percentages, and secondly, the volume of bilateral trade is a large share of the supply of the hydrocarbon component, and therefore fluctuations in oil prices early in the year, of course, could not affect the values of bilateral trade.
Russian Universities attractive to the Chinese side not only price level but also the quality of services, so the trade representation of the Russian Federation will promote the exchange of knowledge along with the trade, said Russian trade representative in China Sergei inushin.
According to him, "someone will be guided by the price factor, some love to Russian culture, and someone will endeavour to get in Russia, to gain valuable knowledge."
Russia delivered from China a large shipment of equipment for the production of masks, told reporters, trade representative of Russian Federation in China Sergey Inyushin.
He added that a total of from China to Russia was delivered about 60 tons of the equipment of a full cycle. The export was carried out by aircraft an-124 ("Ruslan").
Quality delivered to Russia from China of medical products to combat the epidemic COVID-19 was provided at the proper level due to the fact that partner was the Chinese state company, told reporters, trade representative of Russian Federation in China Sergey Inyushin.
In March with the assistance of the trade mission of Russia in China in the shortest possible time, contracts were concluded for the supply of personal protective equipment among Chinese state-owned Sinopharm and the Russian importer. To ensure the implementation of agreements in the office of Sinopharm was actually deployed a crisis in which almost worked round the clock trade mission members at different levels, in manual mode, controlled execution of the agreements.
Authorities in the Chinese city of Wuhan, whose economy is heavily affected by the epidemic COVID-19, proposed trade representation of Russia to open a permanent pavilion of Russian goods and services, said the Deputy trade representative of Russia in China Alexey Efimov.
Russian trade representative in China Sergei inushin, in turn, explained that interest in China is motivated by the desire of the metropolis as quickly as possible to restore the economy and reputation after the outbreak of the coronavirus.
The trade representation of the Russian Federation promotes the idea of opening in China of the Russian trading network, which could become a powerful driver of bilateral trade, said Russian trade representative in China Sergei inushin.
According to him, "together with distribution network on the local market comes plenty of suppliers, in fact this would open another window for deliveries of Russian goods".
Russia can use and benefit from the unique status of Hong Kong and open a new distribution channel, a wide range of products, said Russian trade representative in China Sergei inushin.
He expressed confidence that interest in Hong Kong will not be affected, despite the changes happening in the world, in future should be improving the well-being of the adjacent region, where Hong Kong will continue to play a key role.