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Russia-China trade not to reach $100 billion by 2015 with current growth rate

April 18, 2014, 8:06 UTC+3 VLADIVOSTOK
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VLADIVOSTOK, April 18 /ITAR-TASS/. Russian Deputy Prime Minister Dmitry Rogozin believes that Russian-Chinese trade will not reach 100 billion dollars with current growth rate. The deputy prime minister said so at a meeting of the co-chairs of the Russian-Chinese committee for preparation of regular meetings of the prime ministers in the Russian far eastern city of Vladivostok on Friday.

“There is something to work on. Upon results of the previous year we have a quite insignificant trade growth of just 1.6 percent, according to Russian customs statistics. According to Chinese customs statistics it is even less - 1.1 percent,” Rogozin stated. He added that overall trade turnover had made 88.8 billion dollars.

“In essence, the figure is impressive, but there is something to work on in terms of capabilities of Russia and China,” he said. “In 2014 a better start than in the previous year was given. After two months of this year the trade growth has reached around four percent. But this growth rate is certainly insufficient to attain a task of bilateral trade of 100 billion dollars by 2015,” Rogozin said in conclusion.

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