BUSINESS Xinjiang sees growing foreign trade with Eurasian Economic Union

BUSINESS

Xinjiang sees growing foreign trade with Eurasian Economic Union

CGTN

22:05, January 06, 2020

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File photo: CGTN

Northwest China's Xinjiang Uygur Autonomous Region saw 197.2 billion yuan (about 28.31 billion U.S. dollars) of imports and exports to member states of the Eurasian Economic Union (EAEU) in the first 11 months of 2019, up 6.8 percent year on year.

In that period, Xinjiang's exports to the EAEU member states reached 127 billion yuan, up 8.1 percent year on year, while its imports totaled 70.2 billion yuan, up 4.4 percent, according to Urumqi Customs.

EAEU is an international organization in the Eurasian region for regional economic integration. Its member countries include Russia, Kazakhstan, Kyrgyzstan, Belarus, and Armenia, all important partners along the Belt and Road.

According to customs authorities, China and EAEU member states have strong economic complementarity and great potential for trade cooperation, which have boosted the trade development between Xinjiang and EAEU's member countries.

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