27 March 2015, Friday, 15:52
UFA, 27 March 2015. /Bashinform News Agency, Iliya Spiridonov/. The Head of Bashkortostan Rustem Khamitov met with the Ambassador Extraordinary and Plenipotentiary of the People's Republic of China in the Russian Federation Li Hui in the House of the Republic. The parties discussed prospects of industrial, economic and trade, investment and scientific cooperation, as well as strengthening of regional cooperation between Russia and China.
“The People's Republic of China is one of the most reliable and major trading partners in many sectors of our business. If we talk about the economy, the trade turnover between enterprises of China and our republic has reached nearly 700 million US dollars,” the Head of the Region said. “Chinese companies have been presented in Bashkortostan for a long time. Even 20 years ago, the Chinese company Huawei together with our company created the first joint production of communications facilities. In this part we have quite extensive experience.”
According to the Head of Bashkortostan, relations with the provinces of China are now actively developing. Now more than ten joint investment projects are in various stages of implementation that can get started already in the next two or three years. Among them there is construction of the steel rolling mill with capacity of 300 thousand tons of metal per year at Ishimbay enterprise "Ishstal", creation of regional special economic zone with construction of cargo river port in conjunction with the Sinohydro Corporation, the construction of trade and logistics centre with a hotel complex in conjunction with Chzhonge Import Export Trade, production of oil and gas equipment together with Haicheng Petroleum Machinery Manufacture. Also a range of projects in the agro-industrial and scientific-technical sphere is developing.
Mr. Li Hui stressed that the relations between Russia and China were experiencing the best period. In his view, the interaction between the two countries at the regional level enhances collaboration and opens new opportunities for business development.
“Bashkortostan takes a substantial position in this process. We are very pleased that the republic has established close relations with the three provinces: Liaoning, Jiangxi and Sichuan. All these three provinces in China are very strong and large,” Mr. Ambassador said. “Bashkortostan has its own undeniable advantages. For example, you take a reputable place in the Russian Federation on the level of technology. I am sure that in the future there are very good prospects for deepening cooperation between your republic with our provinces.”
Rustem Khamitov and Li Hui also discussed preparations of the republic for the SCO and BRICS Summits, expressing confidence that they will be held at the highest level.
China in 2014 ranked fifth among foreign trade partners of Bashkortostan. Its share in the Bashkir foreign trade was 4.8 percent. At the same time China had four percent of the republican export (sixth place) and 13 percent of imports (third place).
Among exported products there are turbojet engines, oil and oil products, chemical products, helicopters, sulfur, honey and other products. The main import positions are different equipment — valves, loaders, pumps, casting machines, electrical equipment, plastics and articles thereof, chemical products, metal products (drill pipes, pipes for oil and gas pipelines); canned fruits and vegetables, textiles, footwear.
18 enterprises created with the participation of Chinese capital and engaged in various sectors of industry and commerce operate in Bashkortostan.