Russia and China strengthen cooperation in the framework of international organizations and associations

Economic Development Minister Alexei Ulyukayev on the results of Russian President Vladimir Putin’s meeting with Chinese President Xi Jinping signed a Memorandum of Understanding between the Ministry of Economic Development of the Russian Federation and the Ministry of Commerce of the People’s Republic of China on the coordination of joint efforts in the framework of international organizations and associations. On the Chinese side the document was signed by Minister of Commerce Gao Huchen.
“There is a need agreement with our Chinese partners, approaches and mutual support in the promotion of initiatives and projects in the foreign agenda of international organizations, forums and organizations such as APEC, BRICS,” Group of Twenty “SCO”, – said Alexei Ulyukayev.
The document notes that the activities of international organizations contributes to the formation of a multipolar world order, promoting the fight against global challenges and threats, determine the direction of global development and strengthen economic and trade
At the same time, the parties intend to strengthen practical cooperation within BRICS association, to promote trade and economic cooperation within the association and contribute to the strengthening of its international authority. Acknowledge Strategy BRICS economic partnership as a key reference point for the expansion of economic cooperation between the countries in the Association of the most promising areas of cooperation. For effective implementation of the Strategy The Parties intend to provide support for the implementation of joint projects, as well as to take practical steps to achieve the objectives in the strategy.
In addition, there is the intention to strengthen practical cooperation in the framework of the APEC forum to promote the achievement of the main objectives of the forum: the deepening of regional economic integration, to minimize barriers to trade and investment, sustainable, inclusive, innovative, balanced, secure growth, strengthening the interconnectedness of the economies of the Asia-Pacific region. It recognizes the desirability of mutual support and the coordination of positions on the main issues on the agenda in the framework of participation in the APEC forum, according to national circumstances, objectives and priorities of Parties. Cooperation of the Parties in the framework of the forum can be in the form of mutual support initiatives and projects offered by one of the Parties, as well as through training and promotion of joint initiatives and projects.
The Parties recognize the feasibility of mutual support and coordinate their positions on economic issues on the agenda in the framework of participation in the forum “on Interaction and Confidence-Building Measures in Asia.” For effective implementation of the CICA Business Council mechanism Parties intend to support the joint trade-economic and investment projects, as well as to take practical steps for their implementation, to develop cooperation within the framework of the Plan of Action for the implementation of the CICA confidence-building measures in the field of development of small and medium-sized businesses in the 2016- 2018.

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