Russia Ready To Support Joint Industrial Projects With Chinese Participation - Minister

KUNMING (UrduPoint News / Sputnik - 21st September, 2018) Russia is ready to provide export assistance to all joint industrial projects implemented in Russia with Chinese participation, Industry and Trade Minister Denis Manturov said on Friday.

Earlier in the day, Manturov and Chinese Minister of Industry and Information Technology Miao Wei met for the third meeting of the Russian-Chinese subcommittee on industrial cooperation

"In the context of development of cooperation between our two countries, I would like to stress that we are ready to provide complex export support in promoting the jointly manufactured products to all industrial projects implemented in Russia with the participation of capital from China," Manturov said during the meeting.

The minister expressed belief that Russian companies and their Chinese partners would seize this opportunity to step up exports which would, in turn, accelerate the development of high-tech processing industries and diversification of the respective economies.

Manturov also praised mutual trade growth, noting that there were all prerequisites for bilateral trade to surpass $100 billion.