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Russia, China to sign agreement on transport corridors

The Primorye-1 transport corridor will link the Chinese border city of Suifenhe, the Grodekovo railway station, the border region of Primorye and the ports in the east of the region

VLADIVOSTOK, November 23. /TASS/. Russia and China are planning to sign an agreement next month on the development of transport corridors linking China’s northeast with the ports of the Russian Far East, primarily Primorye (Maritime Territory), Minister for the Development of the Russian Far East Alexander Galushka told reporters on Monday.

«Last week I held talks with the leaders of the National Development and Reform Commission, during which we agreed to sign an agreement on cooperation in developing the transport corridors linking China’s northeast with the Russian Far East ports, primarily in Primorye,» the minister said.

«It is planned to sign such an agreement in December during the visit of the Chinese prime minister,» Galushka said, adding that «next week the ministry would sum up the results of the contest on shaping the model of the developing the transport corridors from China’s northeastern provinces to the Russian Far East ports.»

According to Galushka, the volume of external trade between Russia’s Primorye and China’s Heilongjiang province via Primorye-1 transport corridor will top around 80 mln tons of cargoes per year by 2025, including grain, containers and more, while the volume of external trade with Jilin province and domestic traffic in the Zarubino port via Primorye-1 corridor will reach around 90 mln tons per year within 10 years.

The Primorye-1 transport corridor will link the Chinese border city of Suifenhe, the Grodekovo railway station, the border region of Primorye and the ports in the east of the region. Along this corridor cargo from Chinese provinces may follow via the shortest route to the Asia-Pacific region through Russian ports in the east of Primorye.

The Primorye-2 transport corridor will link the ports in the southwest of Primorye — Posiet, Zarubino and Slavyanka with China’s provinces, which will make it possible to deliver cargo from China’s northeastern territories to the country’s southeastern provinces and also to the Asia-Pacific region and in the reverse direction. Currently, the Summa group of companies and a number of Chinese companies are involved in the implementation of the project.

According to expert estimates, the implementation of the Primorye-1 and Primorye-2 projects will require investment worth more than 200 billion rubles ($3 billion).

Источник: tass.ru

Russia expects Thailand to apply for free trade zone with Eurasian Union before yearend

According to the Russian minister of industry and trade, it would be an important step in the expansion of trade and economic cooperation

MOSCOW, July 15. / TASS / Ministry of Industry and Trade expects Thailand to apply to the Eurasian Economic Commission (EEC) for a free trade zone before end of year, Minister of Industry and Trade Minister Denis Manturov told reporters after a meeting of the joint Russian-Thai commission on bilateral cooperation on Wednesday.

«They are working on the application. Everything will depend on when they will be ready to for it. Right now, they have confirmed their interest and thus are shaping the format of the agreement. We believe that before the end of the year it should be sent to EEC» he said.

According to the minister, Thailand may present a proposal to the Eurasian Economic Union to form an agreement on a free trade zone.

«An important step in the expansion of trade and economic cooperation would be an appeal by the Thai side to the Eurasian Economic Union with a proposal to start negotiations on an agreement on a free trade zone between the EEU member states and the Kingdom of Thailand,» Manturov said.

Источник: tass.ru

EAEU hopes to receive observer status at next UN General Assembly

The Eurasian Economic Union has already established itself as an international legal entity and automatically possess juridical personality, the Minister of Eurasian Economic Commission says

MINSK, November 5. /TASS/. The Eurasian Economic Union (EAEU) hopes to be granted observer status from the United Nations (UN) at the next General Assembly, the Minister of Eurasian Economic Commission (EEC) on Economy and Financial Policy Timur Suleimenov said on Thursday.

«We’re working at this (receiving status — TASS) through our legal department and ministries of foreign affairs of EAEU member-states. Hopefully, we’ll be granted this status at the nearest meeting of the UN General Assembly,» he said.

Suleimenov added that the Eurasian Economic Union has already established itself as an international legal entity and automatically possess juridical personality. «I think this (receiving status within the UN — TASS) is a formalization of our status, which by no means disables us either in our rights, or in talks with countries, or in talks with each other,» the Minister said.

Belarus, which is chairing the EAEU, submitted a draft resolution on granting it the UN observer status in mid-October in New York.

Источник: tass.ru

More than 40 countries express interest in creating free trade zone with EAEU

According to the Russian Economic Development Minister, the EAEU countries play an important role in the global economy with its member states’ GDP reaching $60.5 trillion in 2014

Russian Economic Development Minister Alexey Ulyukayev
© TASS/Mikhail Metzel

KUALA LUMPUR, August 24. /TASS/. More than 40 countries have expressed interest in creating a free trade zone (FTA) with the Eurasian Economic Union (EAEU), the Russian Economic Development Minister Alexey Ulyukayev said Monday at the East Asia Summit (EAS).

«Global cooperation is an important trend. Russia, Kazakhstan, Belarus, Armenia and Kyrgyzstan organized a Eurasian Economic Union and set up the free trade zone with Vietnam. More than 40 countries and international organizations have expressed interest in establishing a free trade zone with the EAEU — China, Indonesia, Thailand and Cambodia are among them,» the Minister said.

Speaking about the cooperation with the countries of EAS, Ulyukayev noted that the summit is «an excellent opportunity to extend participation in integration processes in the region» for Russia. «The EAEU countries play an important role in the global economy — the GDP of the member states reached $60.5 trillion in 2014,» the Minister added.

18 states participate in the EAS: 10 ASEAN countries and its dialogue partners — Australia, China, India, South Korea, New Zealand, Russia, the United States and Japan.

In 2014 Russia’s trade turnover with the countries of EAS, according to the Russian customs statistics, amounted to $208 bln and increased in comparison with 2013 by 2%, including export that amounted to $105.8 bln (increasing by 8.9%), import — $102.2 bln (decreasing by 4.2%). The foreign trade surplus between Russia and the EAS in 2014 amounted to $3.7 bln. The Russian exports to these countries were based on fuel and mineral products.

Источник: tass.ru

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