Monday, July 24, 2017

China seeks to increase imports of beef, dairy from Sverdlovsk region

Representatives from the People's Republic of China have reportedly expressed interest recently in increasing imports of beef and dairy products from the Sverdlovsk region.

The news was announced following a meeting between the Sverdlovsk Minister for International and Foreign Economic Ties Andrey Sobolev and a Harbin trade deputy, Ural Business Consulting reports.

"A direct Harbin-Yekaterinburg flight loaded with goods ordered by local residents over the internet is operated daily, while the return flight usually goes back nearly empty," the Chinese deputy said, according to Ural Business Consulting. "We would like to take advantage of this fact and consider the possibility of delivering some foods from the Sverdlovsk region on a regular basis. We are interested in launching another freight flight and organizing free customs zones for the storage of goods."

Sobolev noted the region is the third largest in Russia in terms of retail trade and the fourth largest in terms of wholesale trade volumes.

"I believe the negotiations taking place at exhibition sites such as the Harbin Fair and Innoprom will make our cooperation more efficient," Sobolev said, Ural Business Consulting reports.

Currently, China imports approximately $663 million in goods from the Sverdlovsk region each year.