Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Moscow, August 13 /Xinhua/ — Developing comprehensive cooperation with China is one of the priorities of the Eurasian Economic Union (EAEU), the Eurasian Economic Commission (EEC) said.
“The comprehensive development of trade and economic relations with the People’s Republic of China is one of the priorities of the trade policy of the Eurasian Economic Union and its member states,” the EEC stated in response to a question from a Xinhua correspondent.
Cooperation between the EAEU and China is based on the Agreement on Trade and Economic Cooperation, the key goal of which is to create an institutional framework to ensure effective interaction and simplify mutual access to the markets of the parties.
“Today we are seeing a noticeable increase in trade turnover with China,” the Eurasian Economic Commission stated.
In order to deepen and expand cooperation, including that aimed at aligning with the Belt and Road Initiative, a Plan /Roadmap/ for the development of trade and economic cooperation between the EAEU and its member states with China was adopted in February 2023. The Roadmap is aimed at developing cooperation in areas such as digitalization of transport corridors and establishing a dialogue on foreign trade policy between the EAEU and China.
Speaking about specific agreements, the EEC noted that agreements have already been signed between Russian Railways and China Railways. An agreement between Kazakh and Chinese railway workers is expected to be signed in the near future. In addition, the Eurasian Agroexpress project, aimed at accelerated regular transportation of agricultural products and food between the EAEU member states and China, is being successfully implemented.
“A promising direction could also be the alignment of strategic documents of the EAEU and China on issues of mutual interest, including in such areas as transport, logistics and digitalization,” the EEC noted. –0–
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