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Eu China Trade Agreement 1978

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Over the past 30 years of reform and opening-up in China, china-Russia economic and trade relations have developed in all respects and developed rapidly. In 1982, following an exchange of letters, border trade between the former Soviet Union and China was officially re-established. From 1984 to 1986, the two countries signed a number of documents, including the “Sino-Soviet Intergovernmental Agreement on Economic and Technological Cooperation” and the “Sino-Soviet Economic and Technological Cooperation in the Framework of Industrial Construction and Modification Projects in China”. These documents laid the foundations for the rapid restoration and development of bilateral cooperation between China and the Soviet Union. After the disintegration of the Soviet Union in March 1992, the two countries signed the Sino-Russian Intergovernmental Agreement on Economic and Trade Relations, which confirmed that two countries would grant each other the most-favored-nation, which would ensure the stability of economic and trade relations between the two countries. In 1996, China and Russia set up the mechanism of regular meetings between the prime ministers of the two countries. In the same year, the two countries established the Committee of Regular Meetings of the Vice Prime Ministers of China and Russia, consisting of ten subcommittees on economy and trade, energy, transport, nuclear energy, science and technology, aeronautics and space, finance, information, civil aviation and the environment. These subcommissions have achieved a number of notable successes in promoting economic and trade relations between the two countries: first, the volume of bilateral trade reached $52.19 billion between January and November 2008 and the objective proposed by the Heads of State or Government of the two countries is to increase the volume of bilateral trade to $60-80 billion in 2010, is carried out in advance. Second, mutual investments have grown in depth and more and have become more and more active, the current size of investments has exceeded $2 billion…

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