Protecting The Interests Of Businessmen In China And Russia

President Hu Jintao and Russian President Putin signed the Sino Russian joint statement in Moscow on the 26 day.

The statement points out that the two sides will, in accordance with their own laws, facilitate the normal trade, investment and operation of their natural persons, legal persons and other economic entities in their own territory, and take effective measures to protect the safety and legitimate rights and interests of their citizens in their own territory.

The "joint statement" is a good news for Chinese businessmen to protect the interests of Chinese businessmen in Russian interests.

Yesterday, a Chinese businessman in Russia expressed his first feeling to reporters after he learned the contents of the Sino Russian joint statement. "The role of the statement may not be immediate, but in the long run, the significance is far-reaching."

"In the early 90s of last century, the Russian business market did not allow Chinese businessmen to directly engage in trade within the territory. Most Chinese businessmen could only sell goods to Russian businessmen, and they had to pay protection fees to local Russians.

Wu Yan, a Chinese businessman who used to run clothes in Moscow, Russia, yesterday expressed his feelings to reporters after hearing the statement signed by China and Russia.

In fact, Chinese businessmen have not only suffered from disorder in Russia.

At the end of 2006, the Russian government also issued a decree: since January 1, 2007, foreign workers have been prohibited from engaging in alcohol and drug trade in Russia. In April 1st of the same year, foreign businesses will also be prohibited from engaging in small-scale retail trade in Russia.

It directly affects many Chinese businessmen who are doing business in Russia.

However, the economic consequences have been worrying the Russian government.

After a series of deliberations, in mid February, Moscow, the capital of Russia, just decided to cancel the act in Moscow.

Li Ge, sales director of the Chinese Representative Office of the Russian fur auction, also told reporters yesterday that "the fact that Chinese businessmen are bullied in Russia does happen frequently, which is especially risky for Chinese enterprises that are not very standardized in Russia."

It is understood that the Russians in China are still trading in business, and their main trade mode is wholesale clothing in China and then pported to the border between China and Russia to pport their clothing back to their country.

This time, the protection of the citizens' personal property and property rights and their legitimate rights and interests in their own territory has been written into the statement, which has been unanimously applauded by the Russian businessmen.

Li Zhisheng, President and general manager of the Chinese businessman in St Petersburg and the northwest industrial group of Russia, believes that the most necessary protection for Russian businessmen is personal safety and property safety.

In addition, he hoped that when the trade disputes between the two countries occurred, Chinese embassies and consulates in Russia could be more involved in the handling of Chinese affairs. "After all, embassies and consulates are the most direct protectors of Chinese businessmen in the locality".