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Home › News › Supported by the REC Chinese provinces purchase Russian products

Supported by the REC Chinese provinces purchase Russian products
On November 6, the Russian Export Center signed a number of trilateral agreements on the organization of the supply system of Russian products to the Chinese provinces of Sichaun, Hubei and Gansu. First of all, the focus is kept on the goods of the Russian agroindustrial complex. Group of Companies SKYMAX, an accredited trade agent of the REC and operator of the exhibition pavilion of Russian agricultural products in Shanghai, opened by the REC together with the Ministry of Agriculture of the Russian Federation, was the REC partner under these three agreements.

Chengdu-Europe Investment and Development Co., Ltd (Chengdu, Sichuan province), a state-owned company, the Commerce Department of the People’s Government of Wuhan (Hubei Province) and Lanzhou International Land Investment and Development Co.LTD (Lanzhou, Gansu province), a state-owned company, became third parties to the agreements.

The agreements provide for the development of interregional trade and economic cooperation between our countries and the creation of a purchase system for Russian goods of non-commodity exports, mainly agricultural products, to these provinces of China with a period of implementation until 2020-2021. The total cost of supplies is planned at the level about USD500million.

Honorable guests, including Mr. Yuan Xu, Director of the Committee for control and management of the state property the city of Chengdu, Mr. Shi Lei, the Chairman of the Board of Directors of Chengdu Industry Investment Co Ltd. state corporation, Mr. Zhou Xianwang, the mayor of Wuhan, Mr. Liu Zhihui, General secretary of the municipal government of Wuhan, as well as Mr. Yan Zhijian, Vice-Chairman and the first Deputy Secretary of the party of the consultative political committee of Lanzhou, attended the signing ceremony and it underlined the importance of reached agreements for the development of practical cooperation in terms of expanding Russia-China trade.

Andrei Slepnev, General Director of the Russian Export Center, noted that interregional cooperation between Russia and China is an opportunity to build horizontal trade and economic ties, selectively and targetedly using the potential of Russian producers in the regions of the Russian Federation and the opportunities of the rapidly growing economies of the Chinese provinces.

"Relying on the existing cross-border transport and logistics infrastructure from Russia to China, as well as taking into account plans for the development of warehouse infrastructure and wholesale and retail networks for the sale of imported products from Russia in these provinces, we will develop cooperation in order to bring Russian exporters to the Chinese market. In addition, we are discussing plans to include demonstration and tasting pavilion of Russian agricultural products, opened by the REC in Shanghai together with the Ministry of Agriculture of the Russian Federation, in this promotion system. Thus, the Russian companies represented in the pavilion will also have the opportunity to place their products in trade and exhibition spaces in the provinces and start to sale their goods in China quickly. The documents signed today will become an important vehicle for the development of commercial relations at the regional level and increase the volume of bilateral investments and cooperation projects with the participation of Russian and Chinese businesses, as well as in the provision of infrastructure for the promotion of Russian exports.
Andrei Slepnev
General Director of the REC
"These agreements are the result of joint activities of the Russian Export Center and Group of Companies SKYMAX to attract Chinese strategic partners to cooperation. Our company acted within the framework of the status of the official sales representative of the REC. The signed agreements build a reliable platform for further practical steps in the supply of Russian agricultural products to the Chinese market. An important feature of these documents is the participation thereto either of the governments of Chinese cities, coordinating the activities of municipal trade networks directly, or large state corporations involved in the wholesale and retail trade and investment in their provinces.
Igor Kozubov
Partner of Group of Companies SKYMAX

"With the support of the party and state leadership of Chengdu, Wuhan and Lanzhou cities, we will actively work to enter into specific commercial contracts with local retail chains and major distributors. I am sure that by the end of 2022, we will be able to put into action the potential laid down in the signed contracts for the procurement of Russian products and investment programs, especially in the field of agroindustrial complex of Russia."
Lou Kun
Chinese partner of Group of Companies SKYMAX