China, Russia vow to expand economic and trade cooperation ( 2003-09-22 21:11) (Xinhua)
China and Russia agreed Monday to increase mutual investment, improve trade
structure, and handle problems in economic and trade cooperation in a spirit of
friendship and mutual benefit.
The consensus came during the seventh meeting of the committee for the
regular meeting of the prime ministers of China and Russia, which was co-chaired
by Chinese Vice-Premier Wu Yi and Russian Deputy Prime Minister Viktor
Borisovich Khristenko.
The two sides also agreed that Russia would export 4.5 million to 5.5 million
tons of oil to China from 2004 to 2006, and is later expected to export 15
million tons annually.
The officials prepared for the eighth regular meeting of the prime ministers
due to be held on Sept. 24, and agreed on the documents to be signed during the
meeting.
The two sides agreed that economic and trade cooperation would expand by 2010
when the gross domestic products of the two countries would be double that of
2000, and the two countries should make efforts to increase bilateral trade to
20 billion US dollars.
The participants also examined how the two sides would realize the agreements
reached in the seventh prime ministers' regular meeting and the sixth meeting of
the committee, and exchanged views on Russia's entry to the World Trade
Organization, resources cooperation and how to handle the trade disputes.
The chairmen of the sub-committee for the regular meeting of the prime
ministers between China and Russia on trade and economy, resources,
transportation and aviation, and some business leaders attended the
meeting.
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