Supplies of Russian pork, beef and offal to Asiacan grow by 60%, and poultry meat - by 54%. According to the optimistic scenario, supplies will grow by 80-100%, as forecaststhe National Rating Agency. Export will increase due to the expanding presence in the market of Vietnam and Asia as a whole: domestic meat production there suffers due to African swine fever. Last year China reduced pork production by more than. Read more...
The countries of the Eurasian Economic Union are beginning to fight counterfeit imports with the help of radio-frequency identification (RFID). Starting on January 1, 2017, RFID tags will be used to identify all imported medicine. The announcement was made by Russian Minister of Industry and Trade Denis Manturov at the Anti-Counterfeit 2016 International EAEU Forum, which was held in Yerevan on Nov. 22. A government statement said over 150,000 pairs of fake shoes and slippers of various brands including Nike, Adidas, Converse, Sketchers, North Face, Leaveland, Merrell, Lacoste, Vans, Havaianas and Ipanema worth $1.13 million, which were smuggled. Read more...
Despite falling trade figures between Russia and Asian countries, analysts are optimistic about the medium to long term. There is a growth in Russian food exports to the continent, and new logistics projects have been set up to take advantage of trans-shipment opportunities in Eurasia. Russians have also developed a more pragmatic attitude when it comes to doing business with Asian countries. A worker with 1-month old piglet on the Rodnikovsky pig-breeding farm. Russia is looking to step up pork exports to Asia. Source: Aleksandr Kondratuk / RIA Novosti At the end of the 2015, when members of the Russian elite realized, that the country’s so-called. Read more...
The memorandum to be signed on June 25 as part of President Vladimir Putin's visit. The project exceeds $1.1 billion. Source: Reuters "The amount of investment in equipment there will be about $85 million, and together with construction about $100 million," Deputy Agriculture Minister Sergei Levin said on the sidelines of a meeting of the Russian-Chinese intergovernmental commission for investment on June 24. The memorandum calls for establishing a major logistics corridor consisting of 30 facilities, including a grain terminal and 29 elevators in various parts of Russia to support shipments. The project is expected to be carried out in the. Read more...
China has proposed to move some manufacturing units to the Russian Far East. RBTH discusses the prospects of Sino-Russian cooperation in their border areas with experts. In April 2016, Chinasuggestedrelocating manufacturing enterprises in 12 key sectors of the economy, including metallurgy, power engineering, telecommunications, shipbuilding, textiles, and agriculture to the Russian Far East. Rustam Makarov, a senior official with the Russian Far East Development Ministry, who visited China last month, says new units established in the specially designated Territories of Accelerated Development (TADs) and the Vladivostok free port zone will get tax. Read more...
Bilateral trade touched $55.9 billion in first ten months of 2015 Bilateral trade touched $55.9 billion in first ten months of 2015. Source: Reuters Sino-Russian bilateral trade in the first ten months of 2015 touched $55.9 billion, a fall of 29 percent from the same period a year ago. From January to October 2015, China’s exports to Russia stood at $28.46 billion, a fall of 35.7 percent from a year ago, while Imports from Russia fell by 20.7 percent and stood at $27.45 billion. The figures were released by China's Customs authorities on November 9. Analysts attribute the fall to. Read more...
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