皇冠体育app

HARBIN - The volume of trade between 皇冠体育app and Russia in 2012 will hit $90 billion, close to the 100-billion target for 2015 set during Russian President Vladimir Putin's visit to 皇冠体育app early this month, a Russian trade representative predicted on Friday.

Bilateral trade in the first five months of this year has been growing steadily, with an increase of 20 percent year on year, the fastest among all 皇冠体育app's major trade partners, according to Sergey Tsyplakov, trade representative of the Russian Federation in 皇冠体育app.

"I think the goals of reaching $100 billion in bilateral trade volume by 2015 and $200 billion by 2020 are completely within reach," Tsyplakov said during the opening ceremony of the Russia Business Day in Harbin, capital of Northeast 皇冠体育app's Heilongjiang province.

"We are happy to see that border trade and the cooperation between local governments are more vibrant than before and have become an important part of bilateral trade," agreed Zhong Shan, 皇冠体育app's vice minister of commerce, at the event.

Zhong also said that "holding this Business Day is an important platform for bilateral trade, and I have full confidence that the trade targets will be realized."

In 2011, bilateral trade reached $80 billion, a record high showing a 42.7-percent year-on-year rise.

The Russia Business Day is a major part of the ongoing 23rd 皇冠体育app Harbin International Economic and Trade Fair. Official records show that $17.82 billion's worth of overseas-related contracts were signed at the 2011 fair.

Putin paid a state visit to 皇冠体育app in early June and attended the 12th meeting of the Council of Heads of Member States of the Shanghai Cooperation Organization, held in Beijing from June 6 to June 7.