Trade and economic relations of China and Russia will develop

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Trade and economic relations of China and Russia will develop 07.04.2020 10:48

Amid a coronavirus epidemic, experts predict a decline in China's trade turnover with major trading partners, including Russia and other members of the BRICS group, Rossiyskaya Gazeta writes.

At the same time, the results of the first two months of the year refute pessimistic forecasts. So, in January - February, bilateral trade between Russia and China grew by 5.6 per cent, amounting to $17.2 billion.

This year is the most important one for strengthening trade and economic ties between the countries participating in the SCO and the BRICS. Russia, presiding in 2020 in both groups, should take on the role of dispatcher to find new ways of partnership.

This was stated by the participants in the round table entitled "Development of trade and economic cooperation with the BRICS countries. Expectations of business", jointly held by the committee of the Chamber of Commerce and Industry of the Russian Federation on economic integration and foreign economic activity and the BRICS Business Council.

 According to the head of the RF CCI committee, director of the All-Russian Research Institute of Market Studies (VNIKI) Andrei Spartak, cooperation within the BRICS framework is the most important aspect of Russia's foreign economic policy.

In September 2019, the BRICS Expert Council began to work in Russia, which included about 50 specialists from Russia. The goals of his activities are the organization and conduct of research, the creation of expert platforms, the study of strategies of developing countries and new international formats.

In turn, the Ministry of Economic Development of the Russian Federation is currently developing the BRICS Economic Partnership Strategy for 2020-2025, which includes three main blocks: trade, investment, finance; digital economy; sustainable development.

Grigory Ladyshev, Head of the Territorial Administration of the Russian Export Center (REC), spoke about the priority areas for exporting Russian goods to the BRICS countries.

Surprisingly, not a word was said about the COVID-19 and its possible consequences at the round table. Because, to paraphrase the famous saying, the coronavirus comes and goes, and the partnership between our countries was, is and will be.