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Trade turnover between Russia and China has increased 13 times over the past 20 years – up to 104 billion US dollars at the end of 2020, said Russian Foreign Minister Sergei Lavrov.

“The treaty plays a significant role in accelerating trade and economic cooperation. We have something to show to the public. Over the past 20 years, mutual trade has increased 13 times – from 8 billion US dollars to 104 billion by the end of 2020. Today, through the Intergovernmental Commission on Investment Cooperation continues work on 70 projects totaling over 120 billion US dollars, “Lavrov said in a video message to the participants of the 6th International Conference” Russia and China: Cooperation in a New Era “on Tuesday.

He noted that building up strategic partnership with China is among the key priorities of Russia, this is recorded in the Foreign Policy Concept approved by the President of the Russian Federation in November 2016.

The minister added that this year is special: 20 years ago, on July 16, 2001, Russian President Vladimir Putin and Chinese President Jiang Zemin signed an Agreement on Good Neighborliness, Friendship and Cooperation in Moscow. “Opening this new page, the parties expressed their determination to pass on friendship between their peoples from generation to generation. The characteristic of bilateral relations, previously proclaimed at the political level, was legally confirmed -” equal trusting partnership and strategic interaction. “Thus, this, without exaggeration, is internationally historic. -the legal act recorded the formation of a new model of our interstate relations, their entry into fundamentally new frontiers, “Lavrov recalled.

According to him, the Treaty is based on the generally recognized norms of international law, primarily the goals and principles of the UN Charter. The document enshrines agreements on mutual support in protecting state unity and territorial integrity, on renouncing the first use of nuclear weapons and on mutual targeting of strategic missiles. The principle of “respect for the choice of the path of political, economic, social and cultural development” is formulated. It provides for immediate contact with each other in the event of a threat of aggression against one of the parties.

“Thus, without creating a formal military-political association, a legal basis was formulated for the closest coordination in strategically important issues affecting the fundamental interests of our states. In fact, our comprehensive partnership is more than a classic military-political alliance,” concluded the head of the Russian Foreign Ministry.

A source: Prime

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EDITOR’S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.

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