Different Stages of Drafting a Foreign Trade Contract with Chinese Counterparts

Authors

  • Victoria Nikolaevna Voronina Russian Foreign Trade Academy (RFTA)
  • Yuri Anatolievich Savinov Russian Foreign Trade Academy (RFTA)
  • Anna Vasilyevna Skurova Moscow State Institute of International Relations (University) MFA Russia
  • Eugenia Vadimovna Taranovskaya Russian Foreign Trade Academy (RFTA)

DOI:

https://doi.org/10.24412.2072-8042-2020-10124

Keywords:

international trade, exports to China, contract law of China, conclusion of contracts, supply of goods, specific requirements of the Chinese side

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 draft ing 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.

Author Biographies

Victoria Nikolaevna Voronina, Russian Foreign Trade Academy (RFTA)

Candidate of Economic Sciences

Work place, position: Russian Foreign Trade Academy (119285, Moscow, Vorob’evskoe shosse, 6A), Department of World and National Economy - Assistant Professor

Yuri Anatolievich Savinov, Russian Foreign Trade Academy (RFTA)

Doctor of Economic Sciences, Professor

Work place, position: Russian Foreign Trade Academy (119285, Moscow, Vorob’evskoe shosse, 6A), Department of international trade and foreign trade of RF - Professor

Anna Vasilyevna Skurova, Moscow State Institute of International Relations (University) MFA Russia

Candidate of Economic Sciences

Work place, position: Moscow State Institute of International Relations (University) MFA Russia (Vernadskogo prospekt, 76, Moscow, 119454), Senior Lecturer

Eugenia Vadimovna Taranovskaya, Russian Foreign Trade Academy (RFTA)

Candidate of Technical Sciences, Professor

Work place, position: Russian Foreign Trade Academy, Department of fi nance and monetary relations - Professor

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Published

2024-02-07

How to Cite

Voronina, V. N., Savinov, Y. A., Skurova, A. V., & Taranovskaya, E. V. (2024). Different Stages of Drafting a Foreign Trade Contract with Chinese Counterparts. Russian Foreign Economic Journal, (12), 93–100. https://doi.org/10.24412.2072-8042-2020-10124

Issue

No. 12 (2020)

Section

Foreign trade activity