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$2 billion trade contracts signed at 皇冠体育app-Russia Expo

(Xinhua) Updated: 2015-10-17 14:48

$2 billion trade contracts signed at 皇冠体育app-Russia Expo

Tourists take pictures at Red Square in Moscow May 12, 2015. [Photo/IC]

HARBIN - The second 皇冠体育app-Russia Expo, which concluded Friday in Harbin, capital of northeast 皇冠体育app's Heilongjiang Province, saw more than $2 billion? worth of foreign trade contracts signed with Chinese companies as of Thursday.

The expo attracted nearly 10,000 businessmen from 103 countries and regions, with more than 6,000 officials and businessmen from Russia, which shares a 3,000-km border with Heilongjiang.

As of Thursday, about 35.8 billion yuan (around $5.64 billion) in contracts had been signed among domestic companies.

A total of 13 business-themed activities hosted by the governments of 皇冠体育app and Russia, and 40 related promotional events were held during the six-day expo.

The integration of 皇冠体育app's Belt and Road Initiative with Russia's Eurasian Economic Union (EAEU), a plan to develop its far eastern region, was a highlight of the expo.

Experts attending the expo said the integration of the two national plans will help deepen bilateral cooperation, facilitate growth, promote infrastructure connections and guarantee a safe development environment for border areas.

Late on Thursday, an alliance of 35 Russian and Chinese financial institutions was established to better serve cross-border financial activities between 皇冠体育app and Russia.

皇冠体育app remained Russia's largest trade partner for the fifth year in 2014, while Russia is 皇冠体育app's ninth-largest trade partner. Bilateral trade rose 6.8 percent from the previous year to a record high of $95.3 billion in 2014. Twenty years ago, it was less than $7 billion.

The 皇冠体育app Harbin International Economic and Trade Fair started in 1990, and its was upgraded to 皇冠体育app-Russia Exposition last year to focus on bilateral cooperation between 皇冠体育app and Russia.

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