The first Russian-Chinese platform for online trading has opened in China, the Russian Economic Development Ministry said in a statement.

“Employees of the Trade Representation of Russia in China took part in the official opening ceremony of China’s first Chinese-Russian platform of e-commerce,” the statement, published Monday, reads.

According to the statement, the platform was set up by a Chinese company based in the city of Harbin. The ceremony was reportedly attended by the Heilongjiang Province and Harbin city authorities, as well as by representatives of the Chinese business community.

Access to the online platform will provide an opportunity for Russian manufacturers to offer Chinese consumers a variety of goods, including metal products, machinery, food, fur and others at minimal time and financial losses, the ministry said.

During the ceremony, the Chinese side signed a strategic cooperation agreement with the Russian side, represented by the E96.ru company, according to the statement. The platform is expected to start operating in May this year.