Boosting foreign, domestic trade

Boosting foreign, domestic trade
By Dong Bei (China Daily)
Updated: 2006-06-29 11:03

This year, the province will mainly foster 30 provincial brand products for exports, striving to bring three to five of them into the array of national-level brands.

It will consolidate the research and development (R&D) level and production abilities for the export of high-end products and push forward exports of self-developed products with intellectual property rights in the light industry, textile, household electronic appliance and machinery sectors, Ye told China Daily.

Ye said the province would enhance the development of high-tech products.

The province will support the export of automobiles produced by Hafei Motor Co Ltd and the power generation facilities produced by Harbin Power Station.

While consolidating the traditional market in the European Union, the United States, Japan, the Republic of Korea and the Middle East, the province will expand markets in Africa, South America and surrounding countries.

It will also strengthen co-operation with ASEAN (Association of Southeast Asian Nations) countries.

Ye told China Daily that strategic upgrading of economic and trade co-operation with Russia is another of the province's major tasks this year.

Taking advantage of the "the Year of Russia in China" in 2006, the province will seek breakthroughs in its trade with Russia, investment co-operation in developing energy and raw materials and port co-operation.

"The province aims to have 26 per cent growth in trade with Russia, as well as doubling its investment in Russia," Ye said.

During "the Year of Russia in China" this year, a meeting week among governors and mayors will be held, together with other activities such as the Sino-Russian High-tech Forum and Sino-Russian Enterprise Project Talks in Heilongjiang.

To boost trade with Russia, Heilongjiang will optimize the infrastructure of the ports such as Suifenhe, Heihe, Dongning and Tongjiang. At the same time, it will also pay attention to the investment and construction of medium and small-sized ports.

Ye said the province will encourage and support local enterprises to explore markets in developed and developing countries by means of mergers and acquisitions, leasing, going public on overseas markets and setting up R&D centres.

The province will also support local firms to contract large projects and offer labour services to new markets including Mongolia and Sudan.

Heilongjiang has traditional advantages in contracting large-scale engineering and resource development projects in Southeast Asian countries, the Middle East and African markets.

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