Prospects for cooperation between Russia and China in the agro-industrial sector

Abstract

The prospects of Russian-Chinese cooperation in the agro-industrial sector in the context of the worsening geopolitical situation have been analyzed. The interests contact points in the agro-industrial sphere between Russia and China have been studied. Special attention has been paid to how the sanctions imposed in recent years by European countries and the United States have affected the countries under study and what steps Russia and China are taking to successfully bring their own agricultural products to international markets by defending their own political interests and promoting joint developments. The main vectors of the agro-industrial complex development have been considered, forecasts for further development have been made, and key types of imported and exported products have been analyzed. Based on the analysis results, the risk to the domestic economy has been identified, and recommendations have been presented aimed at stabilizing and strengthening Russia’s position in the global agricultural market, including in the Chinese market. It has been concluded that there is a high level of interest in cooperation between the countries. A forecast has been made for an increase in the level of trade between the countries and the latest technological developments implementation in the industry, which ultimately will provide countries with the opportunity to stabilize their agro-industrial complexes positions on the world stage.