This step will make access to port services more convenient and will have a beneficial effect on domestic cargo transportation

China will allow the transit of goods through the port of Vladivostok in the Russian Far East, bordering with the northeastern province of Jilin, from 1 June, said the national customs administration.

According to the agency, this step will make access to port services more convenient and will have a beneficial effect on domestic cargo transportation. It is also aimed at revitalising China's northeastern industrial base, increasing opportunities for moving domestic goods to foreign ports and reducing transport time and cost.

The decision is expected to boost investment and business in this part of the country, as well as open up more channels for the movement of goods.

In addition, the opening of a terminal in Vladivostok is a step that further deepens cooperation between China and Russia and helps revitalise the economies of their remote regions.

Official figures point to a steady growth in bilateral trade, which increased by 41.3 per cent in the first months of this year and exceeded 73 billion US dollars, as reported by Prensa Latina, a partner of TV BRICS.

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