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Wen calls for more trade between China, Russia

11-25-2010 08:48 BJT Special Report:Wen Visits Russia, Tajikistan |

MOSCOW, Nov. 24 (Xinhua) -- China voiced commitment here on Wednesday to step up its cooperation with Russia in such fields as trade, mutual investment and energy.

Economic and trade cooperation is a very important part of China-Russia relations which is now at its best stage, said visiting Chinese Premier Wen Jiabao.

Chinese Premier Wen Jiabao addresses the opening ceremony of the
fifth China-Russia economic and trade summit forum in Moscow, capital
of Russia, Nov. 24, 2010.(Xinhua/Xie Huanchi)

Wen's remarks came during his address at a China-Russia business summit in Moscow.

He noted that China will be more dedicated to deepening bilateral cooperation and enriching the partnership to a higher level.

The Chinese premier made a four-point proposal suggesting a roadmap to promote bilateral cooperation and called on the two nations to further open their markets to each other in an effort to take two-way trade to a higher level.

Economic and trade cooperation between China and Russia has also been on the rise. The latest statistics show that their bilateral trade volume stood at 45.1 billion U.S. dollars from January to October, surging 45 percent compared with the same period in 2009.

Bilateral trade volume for the whole year was expected to rebound to the pre-crisis level.

Wen said that China welcomes more Russian companies to establish business in China.

As for the mutual investment schemes, Wen suggested that the two sides need to reduce investment barriers and take effective measures to promote large projects and improve the quality of their mutual investment cooperation.

"China will encourage its enterprises to take an active part in Russia's economy in fields such as infrastructure, power network reconstruction and high-speed railway," Wen said.

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