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BEIJING, June 19 (Itar-Tass) —— Commercial contracts totalling 9.04 billion U.S. dollars were signed between Chinese and Russian companies in the format of the 23rd Harbin International Trade and Economic Fair, which was held in the administrative centre of China’s northeast Heilongjiang province, the city of Harbin, in the period from June 15 to June 19.
This year’s fair was devoted to Russia’s accession to the World Trade Organisation and new possibilities, which this step sets up for trade and investment cooperation.
The total value of Russia’s foreign trade contracts made up about 75 percent of the total worth of all foreign trade contracts signed during the fair – 12.04 billion U.S. dollars, which was ten percent more than at the exhibition of 2011.
Habrin hosts a fair every year from 1990. Fairs are mainly focused on Russia, as well as countries of the Commonwealth of Independent States and East Europe.
Among the organisers of the Harbin International Fair are the Chinese Ministry of Commerce, State Committee on the Affairs of Reforms and Development, All-China Committee on International Trade, the government of Heilongjiang province, as well as other Chinese ministries and agencies.
This year, Russia was represented at the fair by the top management of the Russian Tourism Federal Agency and delegations from Moscow, St. Petersburg, the Trans-Baikal, Altai, Khabarovsk and Primorye territories, the republics of Sakha (Yakutia), Buryatia and Tatarstan, as well as the Amur, Irkutsk, Magadan, Ulyanovsk, Ryazan, Ivanovo and Volgograd regions.
Over the five days of the fair, more than 8,000 representatives of business communities from 76 countries took part in the event. Over 800 stands were opened in the pavilions of the Harbin exhibition centre.