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Different Stages of Draft ing a Foreign Trade Contract with Chinese Counterparts

Author

Listed:
  • Yuri Anatolievich Savinov

    (Russian Foreign Trade Academy)

  • Evgenija Vadimovna Taranovskaja

    (Russian Foreign Trade Academy)

  • Victoria Nikolaevna Voronina

    (Russian Foreign Trade Academy)

  • Anna Vasilyevna Skurova

    (Moscow State Institute of International Relations (University))

Abstract

The expansion of trade and economic relations between Russia and the People’s Republic of China requires knowledge and experience to improve the process of drafting a foreign trade contract with Chinese partners. Different stages of negotiations usually take a considerable length of time to agree on the form and terms of the contract. At the same time, Chinese companies put forward a number of conditions that need to be worked out in advance for the possibility of their acceptance. First of all, it is necessary to fully check the partner, draft a contract in Chinese with Chinese as a governing language, affix seals on the edge of each page of the contract, etc. Acceptance of these and some other requirements ensures effective execution and completion of foreign trade contracts.

Suggested Citation

  • Yuri Anatolievich Savinov & Evgenija Vadimovna Taranovskaja & Victoria Nikolaevna Voronina & Anna Vasilyevna Skurova, 2020. "Different Stages of Draft ing a Foreign Trade Contract with Chinese Counterparts," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 12, pages 93-100, December.
    • Handle: RePEc:alq:rufejo:rfej_2020_12_93-100
    DOI: 10.24411/2072-8042-2020-10124
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