Regional Cooperation Between the Russian Federation and the People's Republic of China (on the Example of Hainan Province Before the Covid Crisis of 2019)

Eurasion Integration
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Abstract:

Regional cooperation between the Russian Federation and the People's Republic of China developed fruitfully and successfully before the covid crisis. This cooperation between China and Russia is one of the most discussed topics in the world. Regional cooperation between the two countries is a solid foundation for political mutual trust and mutual benefit and serves the interests of the two countries. The study of the issue of cooperation is very important, because the People's Republic of China is considered today as the most important partner of the Russian Federation in Asia, both in terms of priorities and prospects for further cooperation. Russia is also a major strategic partner in the political and economic fields for China. The particular note is the cooperation of the Russian Federation with the Chinese province of Hainan. The study of the history and the main directions of cooperation is the main purpose of this article. The article provides the comprehensive analysis of the main directions of regional cooperation. Particular attention is paid to specific areas of cooperation between Hainan Province and the regions of the Russian Federation: Murmansk, Vladivostok, Kaliningrad, in the field of tourism. Much attention is paid to cooperation in the economic field, a number of agreements have been signed with the Moscow region. Currently, the "Chinese Hainan Free Trade Port" is being built, which should play a big role in the development of cooperation between Hainan Province and Russia. Russia is a priority partner of Hainan Province. The existing potential of local cooperation within the framework of the "year of local cooperation and exchange between China and Russia" is a guarantee of comprehensive cooperation between the two countries. The result of cooperation is clearly shown by the increase in trade and the emergence of new promising areas in strategic cooperation between the People's Republic of China and the Russian Federation. All this will contribute to further strategic cooperation between two countries.