Arab Today, arab today china becomes largest trade partner of russia
Last Updated : GMT 11:54:19
Arab Today, arab today
Arab Today, arab today

China becomes largest trade partner of Russia

Arab Today, arab today

Arab Today, arab today China becomes largest trade partner of Russia

Moscow - QNA

China has become Russia\'s top trade partner in the first two months of 2012, according to a report released by the Russian Federal Customs Service. According to the report, in the first two months of this year, China-Russia trade turnover rose 21.1% year-on-year, reaching $13.3 billion. The report also showed that Russia posted a trade surplus of $42. 5 billion for the first two months of 2012, a 26.9% year-on-year increase. Recent years have witnessed a rapid growth of Sino-Russian trade volume. China became the largest trade partner of Russia, overtaking Germany, in 2010 for the first time. In 2011, bilateral trade reached a record high of $80 billion. The two countries have set a goal of lifting bilateral trade to $100 billion by 2015 and to $200 billion by 2020.

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Arab Today, arab today china becomes largest trade partner of russia Arab Today, arab today china becomes largest trade partner of russia

 



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