BEIJING, December 10 (RIA Novosti) - Russian-Chinese trade in 2007 will exceed $40 billion, a Russian senator told journalists at a press conference in Beijing on Monday.

"For the first 11 months of the year, Russian-Chinese trade turnover reached $39.3 billion, [and] we can confidently say on year results we will surpass the $40 billion mark," Igor Rogachyov, a member of the upper house of parliament, told journalists.

Rogachyov took part in a conference on prospects for bilateral cooperation development in China's northeastern province of Jilin as part of a Russian-Chinese trade fair.

He said about 2,000 Russian and Chinese representatives took part in the exhibition, adding that foundations for further cooperation were laid.

According to targets set by the two countries' leaders, trade should reach $60 billion by 2010, and could possibly grow to $80 billion later. Last year bilateral trade stood at around $29 billion.