Caixin
Apr 10, 2019 06:17 PM

International Arctic Forum Discusses Developing Cooperation Between Russia and China

A meeting between Adviser to the President of the Russian Federation Anton Kobyakov and Governor of the People’s Government of Heilongjiang Province Wang Wentao took place at the International Arctic Forum on 9 April. The parties discussed the progress of the implementation of ongoing joint projects and ways to strengthen cooperation in the development of new joint Russian-Chinese investment projects. 

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“Russian-Chinese relations are marked by trusting and friendly ties, high development dynamics, and an extensive organizational structure. The leaders of our countries, President Vladimir Putin and President of the People's Republic of China Xi Jinping, have tasked us with realizing joint investment potential. We are interested in strengthening trade and economic cooperation and in implementing joint investment projects”, Heilongjiang Governor Wentao said. 

At the present time, several large-scale joint projects are being carried out, including the construction of the Nizhneleninskoye-Tongjiang bridge worth approximately RUB 9 billion, the construction project of the Blagoveshchensk-Heihe bridge worth approximately RUB 19.2 billion, and the construction of the Suchan Coal mining and processing cluster, one of the largest in the modern coal industry, with plans to attract investments worth more than RUB 37 billion. 

“In 2019, Russia and the People's Republic of China celebrate the 70th anniversary of the establishment of diplomatic relations between our countries. We have reached this date with a good result. In 2018, trade turnover between Russia and China reached a historical high, with an increase of more than 27% at USD 107 billion. For our part, we are ready to provide ongoing and comprehensive support to projects with Chinese investors”, Adviser to the President of the Russian Federation Kobyakov said. 

The parties agreed to actively move towards the goal set by the Russian and Chinese leaders to achieve a joint trade turnover of USD 200 billion and develop a common roadmap for implementing joint investment projects in such areas as cross-border transport infrastructure and deep processing of primary resources in the Russian Federation, including through the use of the mechanisms of special economic territories and tourism infrastructure. 

The Chinese side expressed its readiness to intensify collaboration on the part of commercial and investment companies from Heilongjiang Province at forums and events organized by the Roscongress Foundation in order to identify partners and project opportunities in the territory of the Russian Federation. 

The parties agreed to hold their next meeting at the Eastern Economic Forum in Vladivostok in September 2019 in order to continue monitoring the progress of the steps taken and identify new goals for bilateral cooperation.

Official event website: forumarctica.ru

Reference information:

For reference: 

‘Arctic: Territory of Dialogue’ 5th International Arctic Forum

The ‘Arctic: Territory of Dialogue’ International Arctic Forum is one of the key platforms for the discussion, at a global level, of problems and prospects for the Arctic region. The Forum is an opportunity for members of the international community to pool their efforts to ensure the efficient development of the Arctic and higher living standards for populations living in Arctic territories. The ‘Arctic: Territory of Dialogue’ Forum was first held in 2010 and was devoted to contemporary problems of the

Arctic region. The second forum was held in 2011 and focused on issues of developing transport systems in the Arctic. In 2013the key themes considered included environmental protection, while in 2017 the Forum’s theme was ‘People and the Arctic’. The key theme of the forthcoming 5th International Arctic Forum will be ‘The Arctic: An Ocean of Opportunity’. Three pillars will form the basis of the business programme: ‘Coastal Regions’, ‘The Open Ocean’, and ‘Sustainable Development’.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of international conventions, exhibitions, and public events.

The Roscongress Foundation was founded in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, and helps foster social entrepreneurship and charitable initiatives.

The Foundation’s events draw more than 80,000 participants each year from 195 countries, with more than 10,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 2,500 people working in Russia and abroad. In addition, it works in close cooperation with economic partners from 75 countries worldwide.

www.roscongress.org


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