Russia and China to enhance economic cooperation by 2030

In the joint statement posted on the Kremlin’s website, it was recalled that detailed views were exchanged on bilateral cooperation, the comprehensive partnership of Russia-China relations and the development of strategic interaction in a new era.

The statement reminded that the two countries will strictly adhere to the principles of long-term sovereign development and mutual benefit, mutual respect and equality.

In the 8-point statement on the plan to develop important areas of Russian-Chinese economic cooperation by 2030, it was stated that the interconnected logistics system will be developed and the increase in e-commerce and other innovative tools between the two countries will be emphasized.

The statement indicated that it was decided to “increase the level of financial cooperation, including expanding the practice of using national currencies in accordance with market needs and gradually increasing their participation in bilateral trade, investment, lending and other types of economic and commercial cooperation. ”.

Emphasizing the strengthening of the comprehensive partnership in the energy sector, the importance of ensuring mutual and global energy security was noted.

In the statement, it was indicated that coordination will be ensured to develop long-term cooperative relations in the field of mutually beneficial supply based on market principles in basic goods and mines, including metals, fertilizers and chemicals, stating that both countries aimed to achieve higher quality industrial cooperation.

In addition, it was noted in the statement that the level of cooperation in agriculture will be increased significantly to ensure the food security of the two countries. (AA)