At the end of February, Russia's Primorsky Timber Industry and Exporters Federation and the China Suifenhe Timber Industry Association signed a strategic cooperation agreement to further leverage the role of key ports on both sides and promote the stability of the timber supply chain and industrial innovation and development.
According to the agreement, the two parties have determined to establish a partnership in cooperation in the wood raw material supply chain, establish a mechanism for management to meet and communicate from time to time, and an association to lead mutual visits between enterprises of both parties, build an industry exchange platform, regularly carry out activities, and strive to expand Sino-Russian timber cooperation. Depth and breadth.
The Russian side also specifically discussed the possibility of timber trading at Russia's St. Petersburg International Commodity Raw Materials Exchange, which the association participates in operating in Vladivostok (Vladivostok), and expressed the intention to set up a branch in Suifenhe and jointly provide support to China. Willingness to promote commodities.
Suifenhe is located in the southeast of Heilongjiang, China, bordering Russia's Far Eastern Primorye and 190 kilometers east of Vladivostok (Vladivostok). At present, the port's trade volume accounts for 40% of Heilongjiang Province's trade with Russia, and its annual import volume is nearly 3.5 million cubic meters, accounting for more than 50% of the country's total.