The rapid growth of Sino-Russian agricultural trade is expected to further expand in the future
By: Date: 2021-03-25 Categories: Internationalfood Tags:
    Even in the face of the challenge of the new crown pneumonia epidemic, China-Russia economic and trade cooperation will still show strong resilience in 2020, new growth points are constantly emerging in bilateral trade, and the performance of agricultural products is particularly outstanding.

  Rapid growth in agricultural trade
   According to data released by the Russian Ministry of Agriculture a few days ago, the export volume of Russian agricultural products reached 30.7 billion U.S. dollars in 2020, an increase of 20%over the previous year, and the total export volume of agricultural products totaled 79 million tons. Among them, exports to China increased the most, reaching 4 billion US dollars, an increase of 26%over the previous year, and the export volume was 4.8 million tons.
  According to Chinese statistics, the trade volume of Sino-Russian agricultural products in 2020 is US$5.55 billion, a record high. Among them, China’s imports were US$4.09 billion, an increase of 13.7%, and China became the largest export market for Russian agricultural products and meat.
   Liu Huaqin, director of the Eurasian Research Institute of the Ministry of Commerce Research Institute, told the reporter of International Business Daily that the superposition of many factors has promoted the rapid growth of Sino-Russian agricultural trade in recent years. On the one hand, as a measure to promote the development of bilateral trade, China is becoming more and more open to the Russian market; on the other hand, the Chinese market is in great demand, and Russia is optimistic about the potential of the Chinese market and is actively expanding the Chinese market. In addition, during the epidemic prevention and control period, the smooth transportation of the China-Europe Express train provided basic transportation guarantee for trade exchanges. In particular, cold chain transportation enabled Russian agricultural products such as edible oil, meat and dairy products to enter the Chinese market on the China-Europe Express train.
  ”Although the trade volume of agricultural products does not account for a large proportion of the trade between the two countries, high-quality agricultural products and foods such as flour, vegetable oil, dairy products, chocolate and ice cream are closely related to the daily consumption of the people, so that the people can truly feel the bilateral trade. The benefits of trade.” Liu Huaqin said.
   Yu Min, deputy director of the Institute of Foreign Economic Cooperation Center of the Ministry of Agriculture and Rural Affairs, said in an interview with a reporter from the International Business Daily that under the influence of the epidemic, the trade of agricultural products between China and Russia will still reach a new high in 2020, which is mainly based on the establishment of stable trade between the two sides. Channels and domestic market demand in China are strong. For example, in order to expand the import of oils, meats and other products with Russia’s outstanding resources and high demand for China’s consumption, China and Russia have continuously strengthened policy communication and opened up trade barriers. In 2019 and 2020, Russian dairy products and beef were allowed to be exported to China respectively.”With the continuous expansion of market opening for agricultural products, Russia’s exports of livestock products to China have increased significantly in recent years, which has promoted the continuous and steady growth of the agricultural trade between the two countries.” Yu Min said.
  Future scale is expected to be further expanded
   Looking forward to the future, China and Russia will continue to deepen their agricultural cooperation.
   The”Joint Communiqué of the 25th Regular Meeting of the Chinese and Russian Prime Ministers” adopted in December last year mentioned that it supports the two provinces and states to carry out inter-local soybean cooperation, and promotes the soybean trade, including industry alliances and associations. Investment and other whole-industry chain cooperation. Strengthen all-round cooperation, implement bilateral projects in the agricultural field, expand the mutual market access of agricultural products and food between the two countries, increase the supply of Russian agricultural products to China, carry out agricultural investment cooperation, and jointly prevent and control African swine fever and other animal and plant diseases. China will advance the registration of Russian fishmeal, fish oil, aquatic products and live seafood enterprises in accordance with the law.
   Yu Min said that China-Russia agricultural trade is highly complementary and has great potential. China’s imports of agricultural products from Russia mainly include land-intensive agricultural products such as seafood, vegetable oil and oilseeds, while exports to Russia are mainly labor-intensive agricultural products such as fruits, aquatic products, and vegetables. Both China and Russia attach more importance to agricultural trade cooperation with each other. Under the framework of the joint construction of the “Belt and Road”, the Sino-Russian cross-border collection and distribution system has been continuously improved, the level of interconnection has been continuously improved, and the development of new forms of cross-border e-commerce trade has accelerated, and customs clearance The level of facilitation continues to improve. From the perspective of China’s domestic grain strategy, China still focuses on protecting grains and rations, and other cash crops and agricultural products that meet the diversified consumer demand still need a diversified supply in the international market. Therefore, the scale of agricultural trade between China and Russia is expected to further expand in the future.
  In Liu Huaqin’s view, in the future, Sino-Russian agricultural trade has great potential for growth, and it will develop steadily and become a new driving force for the expansion of bilateral trade. Liu Huaqin further analyzed that from the perspective of trade complementarity, the Russian government has encouraged and promoted its own agricultural development in recent years, seeking to expand exports while being self-sufficient in agricultural products. Russia’s exports of wheat, meat, and dairy products have ranked first in the world. However, China has a large market capacity, upgraded consumption structure, and increasing demand for foreign high-quality agricultural products. In addition, the two countries are adjacent to each other, and they have unique advantages in geography and transportation. Therefore, from the perspective of future development, Sino-Russian agricultural cooperation will focus on the development of agricultural products trade from the current, and extend to the entire agricultural industry chain such as production, processing, and storage and logistics. The field of cooperation will continue to expand, and the cooperation model will also be more diversified.化.
  ” At present, China has set a demonstration in the opening up of agricultural products market. It is hoped that the two sides will meet each other halfway and open up each other’s markets. Only in this way can the trade potential of the two sides be better explored and the bilateral trade will develop faster and longer. Can enjoy more benefits.” Liu Huaqin said.