In the next 3-5 years Russia’s supply of value added goods is projected to total 10 percent of the imports to ASEAN countries, said Pyotr Fradkov, head of the Russian Export Center, on May 12 at a press conference dedicated to the upcoming Russia-ASEAN 2016 business forum. "Up to 80 percent of our exports to the ASEAN countries are value added products, not raw materials," Fradkov added. The Russia-ASEAN 2016 business forum will be held in Sochi on May 19. It will be attended by over 500 entrepreneurs from Russia and ASEAN countries. It will be organized by the Russian Chamber of Commerce and Industry. ASEAN is one of the world's. Read more...
Moscow and Singapore are starting consultations to create a free trade zone between the Eurasian Economic Union (EEU) and Singapore, First Deputy Prime Minister Igor Shuvalov told reporters on Tuesday. "We agreed that, within in the competence of the Government of the Russian Federation on free trade areas we are, without delay, beginning consultations with the Government of the Republic of Singapore on a free trade zone. With regard to the competence of the EEU, Singapore will immediately send a request to the Eurasian Economic Commission to initiate consultations and the conclusion of such an agreement," he said after an intergovernmental. Read more...
Russia will carefully assess the Trans-Pacific Partnership (TPP) agreement before taking a stance, Kremlin spokesman Dmitry Peskov said,accordingto Sputnik News. “This is fairly new information, new agreements,” Peskov was cited as telling reporters. “Therefore, ofcourse, this will be carefully assessed inregard tocompliance withthe Russian Federation's national interests beforesome kind ofstance is formed.” The United States and 11 Pacific Rim countries reached an agreement on the TPP accord on October 5, after five years oftalks. Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam are members. Read more...
Russia is looking for an “incremental trade turn” in the near future with Brunei, Viktor Tarusin, Russia-ASEAN Business Council Executive Director,toldthe Brunei Times. “We just need respective positive actions from our prospective partners such as Brunei Petroleum,” Tarusin told the paper. ”Our investors are waiting for the green light to move in.” He added that Russia and Brunei could boost trade with cooperation in the oil and gas industry, but did not. Read more...
JD.com plans to sell Russian food, jewelry, cosmetics and other goods in China by the end of this year, the president of the Chinese e-commerce company’s international business group Victor Xu said this week. “We are negotiating with a number of interested Russian companies and manufacturers,” Xu said. The company’s managers also met Russian officials to discuss Sino-Russian trade, according to Xu. Russian billionaires Alisher Usmanov and Yuri Milner own about 9 percent of the shares of JD.com (through the DST Global fund). Over the last few years, they have invested $780 million in the JD.com. JD.com is following in the footsteps of. Read more...
China is America’s biggest customer for agricultural products, with almost a fifth of imported goods coming from the US.Today, this is worth $25 billion in annual sales.This was not always the case, however, according to the US Department of Agriculture’s Economic Research Service (ERS), which has seen growth in Chinese buying develop from around 2-3 per cent in the mid-1990s. Economic reforms, urbanisation and a rapidly developing livestock sector have played a part in a major shift in Chinese demands over the last 20 years. This began to take hold relatively recently, when US agricultural exports to China doubled between 2008 and 2012. China -. Read more...
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