Sino Russia frontier trade is waiting for upgrading
The only comprehensive bonded area in the Sino-Russia frontier line
? Suifenhe comprehensive bonded area is waiting for the final approval document of China Customs. In the last day of last month, here passed the check and has the required condition of closure operation. Its available soon is thought an opportunity faced by Sino-Russia frontier trade change and upgrading by researcher. After the bursting of financial crisis, Sino-Russia trade experienced varieties of situation including the "double decline" of total export and import value, "grey customs clearance" come under attack and so on. The frontier trade of the two countries once fell into the freezing point. Sino-Russia problem experts all expressed, Sino-Russia trade has entered a deep adjustment period. He Long Jiang and Russia possesses near 3000 kilometers frontier, there are 25 all kinds of trade ports. The newest date reveals, from January to July of 2010, He Long Jiang export 3.89 billion US dollars to Russia, increased by 28.8% comparing with the same period of last year, while it is bigger less than 5.12 billion US dollars of January to July in 2007. China Customs data indicates, from January to August, the total export value of China to Russia is about 46.33 billion US dollars, increased by 47.6% comparing with the same period of last year. With the parliament selection day of 2nd November is coming, some American parliament members are urgent to display them imposing pressure against China to help decrease the high unemployment rate in American. These parliament members think, Chinese "unfair" trade policy lead to US employment missing. US Parliament is thinking about legislation to identify China undervalue RMB exchange rate so called by parts of parliament members as export subsides. This will add the possibility of imposing more tariff duties by US Commercial Ministry. Former US trade officer, the member of Shanghai US Chamber of Commerce delegation of visiting America Tim Strafford said, "If we take above actions, Sino-US trade helical declining trend will continue. Chinese Academy of Social Science Russia, Eastern Europe and Central Asia Institute researcher thinks, in a quite long period, the product structure of the goods trade between China and Russia is difficult to have a substantial change, that is, Russia is difficult to change its model of developing economy leading on export raw material. While China export all kinds of labor-intensive consumer goods.(international trade of wholesale products from China) Analyst thinks, although there are still varieties of risks in the way of recovering increase of Sino-Russia trade, with the establishment of many special economical zones and cooperation demonstration zones, Sino-Russia frontier trade will have new upgrading opportunities. The operation of comprehensive bonded zone will expand the trade scope of China and Russia, the stimulating effect of the investment will appear. At the same time, the introduction of advanced technology and scientific management method will promote product updating and upgrading to promote the integration of producing technology and management motion to speed up the overall upgrading of Sino-Russia frontier trade.From: wholesale electronicsSino Russia frontier trade is waiting for upgrading
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