Rostec Joins Russian-Chinese Business Council

The Rostec State Corporation has become a member of the Russian-Chinese Business Council (RCBC). The Council was established with the aim of promoting and supporting bilateral economic projects, as well as facilitating the development of cooperation between Russian and Chinese business circles.

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The Council unites the largest Russian enterprises, associations, and unions of entrepreneurs doing business with China.

Joining the RCBC helps expand the opportunities for new members of the Council in interaction with Chinese partners and the implementation of new opportunities for work in the Chinese direction. Currently, the RCBC includes 29 organizations.

As part of the implementation of the instructions of the Chairman of the Council, Gennady Timchenko, to expand Russian-Chinese trade and economic cooperation, the RCBC is actively working with the Chinese Embassy in the Russian Federation, the State Customs Committee of the People's Republic of China, the Russian Embassy in China, the Trade Representation of the Russian Federation in the PRC and the Federal executive authorities of the Russian Federation.

The Council operates under the auspices of the Russian Chamber of Commerce and Industry. With the support of the RCBC, a number of large-scale Russian-Chinese economic projects have been successfully implemented.

The agreement on the establishment of the Russian-Chinese Business Council was signed on October 14, 2004 in Beijing during the official visit of the President of the Russian Federation Vladimir Putin in the presence of the heads of state of Russia and China.

The Russian-Chinese Business Council was created to promote and support bilateral economic projects, as well as to facilitate the development of cooperation between Russian and Chinese business communities.

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