China And Russia Realize Local Currency Trade Settlement &Nbsp; Sichuan Shoe Enterprises Take The Opportunity To Layout Russian Market.
On November 26th, in November 24th, China and Russia formally confirmed that they would carry out their own currencies in the future. Trade Settlement. Sichuan enterprises began to plan to increase cooperation with Russia. In an interview with reporters in November 25th, a number of Sichuan enterprises said that enterprises in Sichuan need to open up new space and Russia has a broad stage. The prospects for trade between Sichuan and Russia can be expected.
China and Russia realize the trade settlement of the local currency, bringing more opportunities for the development of Sino Russian trade.
province
footwear industry
Import and Export Chamber of Commerce responsible person said that the United States and the EU recently increased technical and environmental barriers, China's footwear in Europe and the United States living environment is not very good.
Chengdu women's shoes, which have gradually come out of the "gray customs clearance", want to return to Russia and dig deeper into the Eastern European market.
In the cold Russian West Siberia, the first batch of buses designed by Sichuan, made in Sichuan and assembled in Russia have been put into use.
The Sino Russian joint venture, which is included in the "governor project", will drive the development of the local bus industry chain.
Xu Chenhui, deputy general manager of Chengdu Hua Chuan import and Export Co., Ltd. predicts that if the project enters the mass production stage, it is expected to drive tens of millions of dollars each year to Sichuan auto parts.
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The old trading company that won only the foreign trade power last year is also concerned about investment opportunities for infrastructure in Russia.
In the past, trading with the Russia Company would have to convert the renminbi into US dollars, and then make payment and settlement.
RMB appreciation against the US dollar appreciated by 1 percentage points, and business cost increased by 10%.
Wang Yuechun, Minister of overseas strategic development of Changhong, said that the exchange rate of RMB against the US dollar in recent two years doubled the cost of Changhong's foreign trade.
Using ruble settlement can reduce currency exchange links and improve settlement efficiency, thereby reducing operating costs and effectively avoiding exchange rate risks.
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