The trade turnover between Tatarstan and China grew to $565,5 million in 2017

© RIA Novosti / Natalia to Seliverstova photobacteria in the USA. Archival photoThe trade turnover between Tatarstan and China grew to $565,5 million in 2017© RIA Novosti / Natalia to Seliverstova the image Bank

The trade turnover between Tatarstan and China in 2017 has increased by more than 50% compared to the previous year and amounted to 565,5 million dollars, with designated years of interregional cooperation of Russia and China in 2018 and 2019 are a good opportunity to further strengthen relations, said the President of Tatarstan Rustam Minnikhanov.

Minnikhanov at the head of the Tatarstan delegation is in China on a two-day working visit, during which we have official meetings with the leadership of the provinces Zhejiang and Fujian, business forums, negotiations with representatives of individual companies. Already held a meeting with Secretary of Committee of Communist party of China Zhejiang Jae Tsunam.

«Russian-Chinese relations of comprehensive strategic partnership. The two countries maintain a permanent political dialogue at the highest level, and we have common positions on actual international and regional issues. Russian-Chinese trade turnover in 2017 has increased by more than a third and reached 84 billion dollars. Your contribution to the development of trade turnover between our countries makes the Republic of Tatarstan in 2017, the turnover amounted to 565,5 million dollars and grew by more than 50% compared to the previous year», — quotes the words Minnikhanov at the meeting, his press service.

President of Tatarstan said that the Republic attaches great importance to expansion of comprehensive relations with China, aimed at strengthening friendship and cooperation between Russia and China. He recalled that the 2018 and 2019 were announced as years of interregional cooperation of Russia and China. «In our country there is no demand potential for growth of cooperation, and we came to discuss these issues», — he stressed.

During the meeting with Deputy Governor of Zhejiang province Zhu Consu Minnikhanov also said that Tatarstan appreciates high level of relations with China, and 2018 and 2019 is a good opportunity to build relationships at the level of regions and municipalities.

Currently in Beijing, acts of trade and economic representation of Tatarstan in Kazan, opened a Consulate of China. With the participation of Chinese national chemical engineering Corporation (CNCEC) in Tatarstan built a plant for the production of mineral fertilizers «Ammonium». In 2016 in Naberezhnye Chelny Corporation Haier opened a refrigerator plant, work is underway to launch production of washing machines. Also, the Chinese investor is planning to create in Tatarstan industrial Park. With Tarczynski area of economic and technological development of Tatarstan is working on a joint venture for the development of the third phase of the SEZ «Alabuga». Work is underway between the Tatarstan’s KAMAZ and Chinese Weichai creation of a JV for the production of automobile engines.

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