NEWS

The Minister of Industry and Trade of Tatarstan Albert Karimov paid a business visit to the People’s Republic of China, Qingdao City (Shandong Province).

During the visit, a meeting was held with Director-General of Foreign Affairs Office in Qingdao Municipal Government, Mr. Mou Jundian. At the meeting, the Minister was accompanied by Trade and Economic Representative of Tatarstan in China Yevgeny Gorshkov.

In particular, the first issue for discussion was the prospects for cooperation between the Republic of Tatarstan and the Shandong Province in such sectors as agriculture, shipbuilding and helicopter manufacturing, oil production and oil refining, electric power, investment, and medicine.

The issue of implementing joint projects with China-based Weichai Power was also raised: in September 2018, KAMAZ and Weichai Power Co. Ltd. signed an agreement for the creation of a facility to manufacture industrial diesel and gas engines in Russia with a volume of more than 17 litres and a capacity of 520 to 2000 kW. To date, the project is in its development stage.

Shandong is a province in the East China region. Its administrative centre is the city of Jinan. The largest city and port of the province is Qingdao.

In the 1st half of 2019, the foreign trade turnover between Tatarstan and China amounted to US$ 238 million.