Russia and China, results and prospects of cooperation

An important and significant event for the business community of the two countries was held on November 7, 2016 in St. Petersburg - the second meeting of the Russian-Chinese Business Advisory Committee.

The Committee is a business part of the Intergovernmental Russian-Chinese Commission on Investment Cooperation, chaired by the First Deputy Chairman of the RF Government II Shuvalov from the Russian side and the First Vice-Premier of PRC State Council Zhang Gaoli from the Chinese side. Representatives from more than 60 leading Russian and Chinese companies have discussed prospects of strengthening trade-economic and investment cooperation.

LLC "Siberwood", together with its Chinese partner China CAMC Engineering Co. Ltd. participated in the working group "Agriculture and forestry", where managed to discuss a range of issues constraining the pace of successful implementation of the project and issues of active support and promotion of bilateral investment projects.

The company China CAMC Engineering Co. Ltd. presented the results of coming to the completion construction project of the plant producing bleached kraft pulp on the basis of JSC "Svetlogorsk CKK" with a capacity of 400 th. tons per year in the Republic of Belarus. The experience gained during the implementation of this project will undoubtedly be useful in the implementation of the investment project of LLC Siberwood" "Construction of wood-chemical complex in the Yenisei district of Krasnoyarsk region" with the Chinese company China CAMC Engineering Co. Ltd participation as a key partner.

The Committee's work not for the first year makes a significant contribution to the development of Russian-Chinese investment cooperation. The outcome of this meeting was a joint statement of the co-chairs of the Committee - General Director of RDIF Kirill Dmitriev and Chairman and CEO of CIC Dean Syuedun. In the statement the sides noted that for successful development of investment cooperation of Russia and China it is necessary to optimize the mechanisms of project financing and administrative control, as well as to improve tools of implementation of investment projects and ways to overcome the existing barriers in the development of bilateral cooperation.

 

Contact person from LLC “Siber Wood”

Victoria Umanskaya

umanskaya@siberwood.com