State of Chinese-Russian cooperation in the chemical sphere

Economic cooperation between China and Russia plays a key role both in the Asia-Pacific region and in the world as a whole. The chemical industry is very important and is one of the main industries in China and Russia. The article is devoted to the issues of cooperation between China and Russia in this area of activity. The subject of research is trade relations between countries for the sale of chemical products. The study is based on the classical methods of scientific knowledge: analysis and synthesis. The works of scientists from two countries are taken as a basis. First, the current state of affairs in the chemical industry of each state is analyzed. Then the problems of cooperation between them are considered. As a result of this study, it was revealed that the chemical industry in China and Russia is currently at the stage of technological modernization and transformation of the product structure. The two countries need to scale up technological innovation to help develop the chemical industry, and make large-scale capital investments to introduce new energy-efficient and environmentally friendly technologies. It is concluded that China and Russia should jointly formulate common standards for product quality control, which will comply with the laws and regulations of the two countries, reduce trade and customs barriers.