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
Izhevsk, Russia, September 26, Xinhua — China is a strategic partner for the Udmurt Republic of Russia. Trade with China is growing by more than 20 percent annually, and major joint projects are being implemented. Anna Slugina, the republic's Minister of Economy, stated this in an interview with Xinhua.
"For us, the Udmurt Republic, China is a strategic partner. A very large project is currently being implemented on our territory. Partners from Beijing are building a large steel coil plant. We've been negotiating for a long time, and I think we've found common ground. The plant is under construction. We're building all the infrastructure for it: electricity, gas, and water," said A. Slugina.
According to her, the export and import potential of China and Udmurtia is high. "We work closely with China on food supplies. They highly value our ice cream and many other products. We purchase both production equipment and technology from China. China is a very important strategic direction for both Russia and Udmurtia," A. Slugina noted.
"The Udmurt Republic's trade turnover with China is growing annually, increasing by almost 20 percent," she added.
The Minister of Economy of Udmurtia particularly noted the effective cooperation in oil production that has developed with the Chinese company Sinopec.
The Udmurt government provides preferential terms for joint projects and strives to stimulate investment cooperation.
"I really hope that our Chinese partners will implement projects on our territory, because we provide all the infrastructure for these projects. This minimizes the partners' costs and time, and, consequently, increases the projects' profitability. I think now is the time to implement joint projects," A. Slugina emphasized.
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