Kazan, August 18th, 2019 — On the first day of the ROSTKI International Business Forum in Kazan, a significant agreement for Russian and Chinese business cooperation was signed.
The International Association for Territorial Development (IATD) and Chinese company Shenzhen JinXin Cheng Trading signed a Memorandum of Strategic Partnership. The main point of this document was the entrance of the Chinese Corporation into IATD as its first member from China. This agreement was signed between Vasil Maratovitch Mazitov, President of IATD and Ms Mao Yuxi, General Manager of Shenzhen JinXinCheng Trading.
This step opens up new opportunities for the development of international cooperation in the field of infrastructure and construction projects. SHENZHEN JINXIN CHENG TRADING CO. is a well-known operator in the market of large-scale wholesale supplies of construction equipment, machinery and materials to the markets of the USA and East Asia.
The company is expanding its presence in Russia and CIS countries. IATD membership will provide it with opportunities to interact with projects and participants in the market for territorial development.
For the Association members, the partnership creates opportunities for access to modern technologies, logistics solutions and a catalog of equipment and materials from an international supplier. This will improve efficiency and optimize the implementation of infrastructure and development projects in Russia.
“We are extremely pleased to welcome SHENZHEN JINXIN CHENG to our ranks. This is not just a formal entry, it is a strategic alliance that will open access to the best global practices and resources for our members. We are creating a powerful synergistic effect for the accelerated and high-quality development of territories,” said Vasil Maratovich Mazitov, Chairman of the International Association for Territories Development.
«The Russian market has enormous potential. Joining the association is a strategic move for a deep and systemic entry into it,» said Ms. Mao Yuxin, general director of Shenzhen Jinxin Cheng Trading Co., «We see a great demand for high-tech building solutions and are prepared to offer our expertise, extensive resources, and reliable partnerships to implement ambitious goals in the regions of Russia.»
The parties agreed to begin practical work immediately: forming a joint catalogue of solutions for the members of the association and organizing the first business mission to present the capabilities of their Chinese partner.