Chinese President Xi Jinping and Russian President Vladimir Putin signed and jointly issued the “Joint Statement of the President of the People’s Republic of China and the President of the Russian Federation on the Development Plan for Priority Areas of Economic Cooperation between China and Russia before 2030,” at the Kremlin in Moscow.
In the statement, the two sides agreed to firmly uphold the principles of mutual respect, equality and mutual benefit, achieve long-term independent development of the two countries, promote the high-quality development of China-Russia economic and trade cooperation, inject new impetus into the comprehensive promotion of bilateral cooperation, maintain the rapid growth momentum of bilateral trade in goods and services, and commit to increasing The bilateral trade volume will increase significantly by 2030.
The two sides pledged to carry out economic cooperation in multiple major directions, including expanding trade scale, improving trade structure, developing e-commerce and other innovative modes of cooperation.
The two sides are committed to improving financial cooperation and steadily increasing the local currency settlement ratio in bilateral trade, investment, loans and other economic and trade transactions to meet market demand.
The statement said that they will strengthen the comprehensive energy partnership and promote long-term cooperation in key areas of energy.
The two sides also called for enhancing high-quality exchanges and cooperation in technology and innovation to ensure the high-level development of technology in the two countries.
In addition to upgrading industrial cooperation, they also pledged to strengthen agricultural cooperation to ensure food security for the two countries.
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