Russian mission to the People’s Republic of China (Shanghai)
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JSC Russian Export Center (REC) organized a comprehensive business mission to the People’s Republic of China (Shanghai) with the support of the Ministry of Industry and Trade of the Russian Federation, the Ministry of Agriculture of the Russian Federation and the Russian-Asian Business Union. The event was held from November 6 to November 9, 2018 with a foundational framework in China International Import Expo. During the visit of the Russian delegation to the PRC, the representative office of REC was opened in Shanghai to promote the development of mutual trade between the two countries.
"The representative office will provide a full range of services to support mutual trade that include credit insurance support, assistance in logistics, assistance in organizing participation in exhibitions, finding a partner and in other components of trade facilitation,” said Andrei Slepnev, general director of REC.
The head of REC noted that the level of trade between Russia and China is significantly high. "In the first half of 2018, shipments grew by more than 40%. It is obvious that this year we will exceed $100 billion turnover,” he said.
"The leaders of the two countries, Vladimir Putin and Mr. Xi Jinping, set the task to reach the level of $200 billion for the next year. Of course, this will require significant efforts from commercial operators and state institutions, including Russian Export Center, but we see how much Chinese importers are interested in Russian goods, so we will do everything possible to achieve the goal," Andrei Slepney remarked.
Semen Katrenko, the head of the representative office of REC in China, commented that Russian companies do not always understand the specifics of the region when entering a new market. As a result, they fail to manage different types and kinds of risks. "Being a state of export support institution, REC is ready to support our exporters. In this regard, the business mission will enable new exporters to determine the most accurate strategy for entering the Chinese market, while experienced companies will be able to eliminate a number of challenges to increase the export of Russian goods to China, ” Semyon Katrenko summarized.
The following participants also took part in the event:
● Dmitry Krasnov, the Head of the Information Policy and Special Projects Department of the Ministry of Agriculture of the Russian Federation;
● Zhou Liqun, the Chairman of the Union of Chinese Entrepreneurs in Russia;
● Zhou Liqun, the Vice-President of China Chengtong International;
● Billy Tai, Alibaba Channel Management Manager;
● Vyacheslav Bakayev, the Advisor on Government Relations and International Relations of FESCO Transportation Group;
● Li Junfu, the Deputy Mayor of Yiwu City, Zhejiang Province;
● Cheng Yuan, the Chairman of the Chinese-Russian Center of cross-border e-commerce;
● and Alexander Zainigabdinov, the founder of the China Window Company.
Within two days of the REC business mission to Shanghai, the representatives of the Russian delegation took part in the pitch sessions and B2B meetings. They participated in the following round tables:
● Tourism as a driver of economic development;
● Effective tools for entering the Chinese market of the agro-industrial complex.
The representatives of Russian companies also visited Alibaba Cainiao logistics and Geely Automobile Group companies where they negotiated with potential partners.
The representatives of more than 50 domestic companies in various industries took part in the business mission, including food industry, information technology, medicine, logistics, timber industry, light industry and others.