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Russia, China should increase trade turnover 7.7% annually - Russian deputy PM

October 11, 2014, 12:53 UTC+3 SOCHI
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SOCHI, October 11. /TASS/. In order to have the trade turnover of $100 billion between Russia and China, the turnover should be growing by at least 7.75 every year, Russia’s Deputy Prime Minister Dmitry Rogozin said on Saturday.

At a meeting in China’s Xi’an, the countries confirmed the problems in the global economy affected the growth rates and the trade between Russia and China, he said.

“The latest data of the customs statistics demonstrate that we have been overcoming this negative tendency,” the Russian deputy prime minister said. “However, the registered 4.6-percent growth of our trade in first six months of the current year is far from what we would like to see.”

“We should have a growth of at least 7.7% a year, so that by end of 2015 we reach the level set by leaders of our countries,” he said. The leaders had set the objective of $100 billion.

The meeting of Russian and Chinese leaders in Shanghai opened new directions in development of the industry, he said. The meeting on Saturday would be devoted to development of the agriculture.

“We have a special interest to cooperation and joint projects in high-technology sectors of our industries,” he said adding the details would follow at the meeting of prime ministers due on Monday.

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