Russia, China Sign Memorandum of Cooperation in Services Trade, Ministry Says

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MOSCOW (Sputnik) - The Russian Ministry of Economic Development said on Wednesday that it has signed a three-year memorandum with the Chinese Ministry of Commerce to enhance cooperation in trade in services.
"The Ministry of Economic Development of Russia and the Ministry of Commerce of the People's Republic of China have concluded a memorandum on the sidelines of the Russian-Chinese Business Forum in Beijing to enhance cooperation in services trade. The document was signed by Russian Minister of Economic Development Maksim Reshetnikov and Chinese Minister of Commerce Wang Wentao," the ministry said in a statement.
May 24, 2023. Russian Prime Minister Mikhail Mishustin, center right, and Premier of the State Council of the People's Republic of China Li Qiang at the signing ceremony of joint documents based on the results of Russian-Chinese talks at the House of People's Assemblies in Beijing. On the left is Russian Minister of Economic Development Maxim Reshetnikov. - Sputnik Africa, 1920, 24.05.2023
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The parties agreed to develop services trade on the regional level, to urge commercial companies of both countries to participate in relevant exhibitions and trade fairs, as well as to prompt Russian and Chinese businesses to arrange joint activities related to trade of educational, medical, financial, transportation, construction, technical, tourist, sports, information and other services, the ministry said.
"This memorandum, on the one hand, is a follow-up on the previous commitments to enhance bilateral service trade between our countries, and on the other hand, it is a milestone of the plan on the development of key areas of the Russian-Chinese economic cooperation until 2030, signed in March by [Russian] President Vladimir Putin and Chinese President Xi Jinping," Reshetnikov was quoted as saying in the statement.
The ministry added that the memorandum's fulfillment will be monitored by a permanent task group created by the trade and economic cooperation subcommittee of the Russian-Chinese committee responsible for arranging regular meetings of both countries' heads of government.
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