Retrospective and Prospect of Customs Trade Relations Development between Russia and China

For the Russian Federation, the relevance of foreign economic relations with the closest neighbouring country that has the most economic, military and resource strength remains one of the most obvious aspects, all the more so these communications are conditioned not only by the geographical proximity, but also by the whole history of establishment and development of economic and political relationships between these countries. The article considers the prospects and problems of customs trade relations development between China and Russia in the modern period, on the basis of the analysis of the statutory documents that regulate foreign economic relations of the partner countries, along with theses of the internationally acclaimed scientists. The author indicates the main potential directions for development of the foreign trade ties of the countries aimed at realization of mutual interests under the current international agreements, investment attractiveness, emphasized on implementation of information technologies for the production of hi-tech goods. Regarding the analyzed progressive trends in development of the Chinese economy, the author proposes the most comfortable options of economic development for the Russian Federation. Mutually advantageous and constant increase in the volume of the trade and toughening of customs control towards commodity turnover in the age of economic globalization and rapidly changing political and economic situation on the global stage remains the key priority for the foreign economic and geopolitical cooperation between the People's Republic of China and the Russian Federation.