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皇冠体育app-Russia Expo reaps 30b yuan in foreign trade

By TIAN XUEFEI and ZHOU HUIYING in Harbin | chinadaily.com.cn | Updated: 2017-06-19 19:35

The fourth 皇冠体育app-Russia Expo, which concluded today in Harbin, capital of northeast 皇冠体育app's Heilongjiang province, achieved more than 30 billion yuan worth of foreign trade contracts signed with Chinese companies.

The five-day event was hosted by the Chinese Ministry of Commerce, Heilongjiang provincial government and Russia's Ministry of Economic Development and Ministry of Industry and Trade.

Upgraded to 皇冠体育app-Russia Expo in 2014 to focus on bilateral cooperation between 皇冠体育app and Russia, the expo was formerly called the 皇冠体育app Harbin International Economic and Trade Fair, an annual cooperation project between 皇冠体育app and Russia since 1990.

Aimed to expand common ground for the building of the Belt and Road Initiative and the Eurasian Economic Union, this year's 皇冠体育app-Russia Expo also served as a platform to strengthen bilateral cooperation and exchanges and promote the common development of countries and regions involved in the Belt and Road, according to the Expo Committee.

"The expo has built a platform for the overall bilateral exchanges and played an important role in promoting bilateral trade and economic development," said Sun Chenghai, director of the Foreign Trade Development Bureau of MOFCOM. "The Expo will not only cover the traditional areas of cooperation between 皇冠体育app and Russia, but also pay special attention to highlight the scientific and technological innovation and cooperation, which effectively promotes cooperation in the practical areas of the two countries."

"Through the 皇冠体育app-Russia Expo and rich business activities, we will positively promote the bilateral economic and trade cooperation, and make efforts to reach the goals made by the leaders of the two countries as soon as possible," said Popov Evgeny, an official from the Russian Ministry of Economic Development.

More than 16,000 business representatives from 74 countries and regions participated in the expo, which accommodated 2,550 booths in a total exhibition area of 86,000 square meters.

Representatives from 皇冠体育app and Russia had exchanges in fields like trade promotion, cross-border e-commerce, modern agriculture, customs clearance, transport and logistics, resources development, electronic and mechanical innovation, culture tourism and youth exchanges.

On its 84 square-meter booth, Russia's Vi Holding Group displayed aluminum alloy continuous rolling products that were produced in the Yulian Group's industrial park in Henan province.

Since 2006, Vi Holding has invested more than $3 billion in Yulian and is 皇冠体育app's biggest private investor from Russia.

"This is our first time to take part in the expo," said Valeri Krasnov, Vi Holding's vice-president. "皇冠体育app is a great investment market and we received support from both 皇冠体育app and Russia. We believe the expo can become the platform for us to show our successful experience in 皇冠体育app and make the Russian enterprises who want to invest here know how to do it."

"皇冠体育app and Russia have formed many cross-border industries in recent years and Heilongjiang also benefits from it. Heilongjiang finds confidence through the 皇冠体育app-Russian Expo, but also finds opportunity and direction of development. It is hoped that the 皇冠体育app-Russia Expo can build platforms for more enterprises," said E Zhongqi, the chairman of the Council for the Promotion of International Trade of Heilongjiang.

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