Russian agricultural and food products highlighted at 2nd CIIE
Russia's global economic contributions are in every pocket of society. A visit to the country's pavilion at the CIIE in Shanghai reveals the latest and greatest in energy equipment, robotics, the digital economy, and more.
Last year, Russian companies amassed over 100 million U.S. dollars' worth of deals through the expo. This year, more than 100 Russian companies are in attendance. An exhibition booth featuring agricultural and food items were set up for 43 Russian companies, featuring everything from meat and wine to sweets.
"We are now making a lot of progress in delivering food products to China, wheat and wheat products, and also green products. We started a supply of poultry meat last year, and we see big potential in this kind of interaction," said Alexei Gruzdev, Russia's deputy minister of industry and trade.
In recent years, the bilateral trade and economic ties between China and Russia have been strengthened and expanded. China has been Russia's top trading partner for nine years. In June 2019, the two countries pledged to increase bilateral trade volume to 200 billion U.S. dollars by 2024.
"Our national exhibition has a variety of exhibitors there to show what the potential is for developing trade with China and also with the Asia Pacific region because China has always seen as a gateway to Asia and Southern Asia," Gruzdev said. "Being a strategic partner with China then, we seek to develop it with the whole of Asia as well."
Gruzdev said China is the most dynamic developing market in the world. He said Russia sees a huge potential in the market, but Russian companies also have a lot of competitors.