Free Newsletters - Space News - Defense Alert - Environment Report - Energy Monitor
by Staff Writers
Moscow (Voice of Russia) May 21, 2014
Russia and China have agreed on three new mechanisms of cooperation, including a working group for space cooperation projects. The arrangement was finalized at Friday's meeting between Russian Economic Development Minister Aleksei Ulyukayev and China's Commerce Minister Gao Hucheng, Ulyukayev's press-secretary Yelena Lashkina has said.
"The issue on the agenda is creation of a joint high-level working group for strategic Russian-Chinese space cooperation projects. Russia suggested including in this list some projects tapping Russia's transit potential, cooperation in navigation systems and joint projects in the aluminium industry," Lashkina said.
Also, Ulyukayev and Gao discussed two more cooperation mechanisms in the investment field, she said, adding that Russia and China would set up a bilateral investment committee.
"Ulyukayev and Gao believe that mutual investment will prove a new point of growth for the Russian and Chinese economies. The projects on the agenda may increase China's direct investments in the Russian economy seven-fold by 2020," Lashkina said.
The third proposed track envisages measures to intensify cooperation in Russia's Far East.
"As Aleksei Ulyukayev said, the forms of Chinese companies participation may vary to encompass investment, loans, contract works and participation in projects throughout their life cycle.
"Also, the two men discussed prospects for Chinese companies' operation and control of special economic zones and territories of outpacing development, being created in the Far East. China's commerce minister pointed to the importance of Russia's support for the Chinese initiative of creating an Asia-Pacific free trade zone within the framework of the Asia-Pacific Economic Cooperation by 2025," Lashkina said.
Ulyukayev and Gao met on the eve of the APEC ministerial forum, opening in Qingdao on May 17. The APEC incorporates 21 countries and territories of the region, including Russia, China, the United States, South Korea, Japan and the Southeast Asian states. This region produces more than half of the global GDP. Russia has participated in the APEC forum since 1997.
Source: Voice of Russia
Station and More at Roscosmos
S.P. Korolev RSC Energia
Russian Space News
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.|