Monday, June 18, 2018

Great Britain and Sverdlovsk Region explore economic cooperation

Great Britain and Russia's Sverdlovsk Region are preparing to expand their multilateral cooperation and increase their mutual goods turnoff.

The agreement was announced at a meeting between First Vice Premier Vladimir Vlasov and Ambassador Extraordinary & Plenipotentiary of the United Kingdom to Russia Tim Barrow, Ural Business Consulting reports.

Economic relations between the Sverdlovsk Region and Great Britain have been cooperative. Trade turnover between the two came to more than $475 million in 2011, which was three times greater than 2010. Vlasov, though, sees room for expansion.

Barrow agreed, citing a meeting between Russian President Vladimir Putin an British Prime Minister David Cameron as evidence that the two will explore new ways of developing trade and economic ties.

Vlasov hopes to cooperate with Great Britain on machine-building, chemical and pharmaceutical industries and exhibitions, according to Ural Business Consulting.