Russia-Argentina trade to top US$3bn

us dollarsMOSCOW. — Russia is counting on increasing its bilateral trade with Argentina from US$2,5 billion to US$3 billion in 2015, the head of Russian agricultural watchdog Rosselkhoznadzor, Sergei Dankvert, said yesterday.“In 2013, trade turnover between our two countries amounted to about US$1.9 billion and traditionally it remains at this level.
“We hope that in the future this figure will grow to US$2,5 billion — US$3 billion in 2015,” Dankvert said following a meeting of the Russian-Argentinian intergovernmental commission.

According to Dankvert, bilateral trade will increase with enhancing trade connectivity, especially in the energy sector, food trade and construction.

As he was talking about the shipments of agricultural products from Argentina, Dankvert noted that he is counting on imports to increase to up to US$500 million.

“We orientate our colleagues toward increasing the supply of dairy products and cheese — the market needs them. And also towards all types of products, traditional for the European Union.

“For example, we (in Russia) have the same sweets Argentina has — condensed milk is liked in both countries,” Dankvert said, adding that Russia counts on increasing shipments of Argentinian butter, seafood and fish.

For his part, Argentinean Deputy Foreign Minister Carlos Bianco said the co-operation between the two countries touches upon a great number of projects.

“For example, ‘Silovye Mashiny’ will be shipping turbines to Argentina, ‘Rosatom’ will be constructing a gigantic nuclear power plant,” Bianco said, adding that Argentina is Russia’s traditional supplier of agricultural products, including apples, pears, dairy products and beef. “Regardless of the sanctions, our relations have strategic importance for a long-term perspective. We want to continue our co-operation,” Bianco concluded.

On August 7, Moscow imposed a ban on food imports from the United States, the European Union, Canada, Australia and Norway in response to economic sanctions imposed on Russia over its alleged role in escalating the Ukrainian crisis.

The ban, targeting meat, fish, poultry and milk products, nuts, fruits and vegetables, is expected to last for a year.

Latin American countries Argentina, Brazil, Ecuador and Mexico, among others, have expressed their willingness to boost food exports to Russia. — RIA Novosti.

Related Posts

Brace for rains, thunderstorms, Met Services Department advises

  Elita Chikwati Zimbabwe is expected to receive rainfall of above 30mm, associated with lightning, thunder and strong winds, from Tuesday to Thursday this week. The Meteorological Services Department (MSD)…

Tarakinyu in top 20 finish at Berlin Marathon

Zimpapers Sports Hub ZIMBABWE’S Moses Tarakinyu put on a spirited performance at the BMW Berlin Marathon this Sunday to secure a top 20 finish. Tarakinyu finished 17th in 2 hours…

Leave a Reply

Your email address will not be published. Required fields are marked *

×