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Russian Companies Supported by VEB Group Exhibit Their Goods at China International Import Expo

Over 100 Russian companies will participate in the first China International Import Expo and in the business mission timed to coincide with the event. VEB Group represented by Russian Export Centre (REC) organizes the Russian exposition.

“Given the priority objective of increasing the amount of Russian non-commodity exports, we not only should capture new export markets but also try to scale up exports to traditionally attractive and thriving markets, such as China. We expect that China will retain its position as Russia’s main trade partner. Since 2014, Russian non-commodity non-energy exports to China has been posting a steady growth. The growth leaders include steel industry, agriculture, paper and pulp industry, power engineering and instrument engineering,” said REC Director General Andrey Slepnev.

Russia is involved in five industry zones: food and agricultural products, high-technology equipment, medical equipment and products, services sector and consumer goods. Russian agricultural producers expressed the strongest interest in CIIE and occupied 50% of the exhibit space.

“China International Import Expo is also a platform for promoting cooperation and developing common approaches to joint projects. Integration processes across Eurasia help to scale up markets, boost mutual trade links and enhance the competitive edge of national economies. In this context, China is a strategic partner for the whole VEB Group. Russian-Chinese cooperation implies not only export encouragement with the support of Russian Export Centre but also Chinese investment for Russian development projects as part of EEU and One Belt One Road initiatives. Our strategic partners in China are China Development Bank, Export-Import Bank of China, Harbin Bank and a number of other financial institutions,” said VEB Chairman Igor Shuvalov.