China News Service, Changchun, January 9 (Reporter Wu Zhaofei and Wang Yu) The reporter was informed today that Jilin Province’s trade with Russia is increasing year by year and that auto parts, forestry, and high-tech products will become the focus of Jilin Province’s trade and investment with Russia in the future.

According to the statistical data of Changchun Customs, Jilin Province shows a rapid increase in trade with Russia. From January to November 2005, the province’s import and export of Russia completed 150.27 million US dollars, an increase of 56.2% over the same period of last year.

According to Li Jinbin, deputy governor of Jilin Province, Jilin Province has obvious regional advantages in developing trade with Russia. Jilin Province is located in the central part of northeast China and borders Russia in the east. Li Jinbin stated that in the future, Jilin Province will continue to expand trade with Russia and Central and Eastern European countries, and will increase the average annual growth of trade with Russia by 32% in the next five years; by 2010, Jilin Province will promote Russia. The total export value reached the target of 720 million U.S. dollars.

Zhang Dasong, director of the Department of Commerce of Jilin Province, introduced that in the past, the trade pattern of Russia in Jilin Province, the proportion of grain products exports was relatively large, while the proportion of industrial manufactured goods exports was relatively small. In the future, Jilin Province will gradually make adjustments to increase the proportion of industrial manufactured goods and electromechanical products, and auto parts and high-tech products will become the new focus of trade with Russia.

Zhang Dasong also stated that in the Jilin Province's investment in Russia, the investment field will focus on resource development, and forestry development will be listed as a key area for future investment in Russia. (Finish)


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