皇冠体育app

(Xinhua)
Updated: 2008-03-03 19:37

BEIJING -- Russia is interested in a great number of Chinese products and trade potential between the two countries is expected to grow, said a Russian trade representative to 皇冠体育app.

Trade and business between the two neighbors has grown quickly and become more active these years. Bilateral trade volume reached 48.16 billion US dollars in 2007, a 44.3 percent increase year on year.

"Traditional products such as grain, costumes, cloth and hosiery once topped 皇冠体育app's export list to Russia in the 1990," said trade rep Sergey Tsyplakov. "This has gradually changed. Russia imports more and more machinery and electrical products from 皇冠体育app these years."

Official statistics show 皇冠体育app-Russia bilateral trade turnover in machinery and electrical products stood at 10.36 billion US dollars last year, an 85.1 percent increase over 2006.

Tsyplakov pointed out most 皇冠体育app exports go to Russia's far east and Siberian areas and that bilateral trade in southern Russia is comparatively weak and should be enhanced.

Compared with 皇冠体育app, Russia should sharpen its competitive edge to enlarge exports to 皇冠体育app, he added.

Since 1999, Sino-Russian trade has continued to soar at an average annual growth rate of about 30 percent and trade components have also been optimized with machinery product exports to each other increasing.

Currently, Russia is 皇冠体育app's seventh largest trade partner and 皇冠体育app is Russia's third largest trade partner.