Since 2022, many Chinese companies have actively explored opportunities in Russian market. Their efforts should be supported through assistance in finding local partners for cooperation and ensuring support from both regional and federal authorities, said Vitaly Mankevich, Chairman of the Russian-Asian Union of Industrialists and Entrepreneurs, during the III International Forum “SPROUTS: Russia and China – Mutually Beneficial Cooperation”.
“I believe the SPROUTS forum is a platform to help Chinese and foreign companies learn more about Russia. The advantage of the Russian Federation is that regional authorities contribute greatly to help foreign companies come and localize their production. There are many local and federal incentives here, including special investment contracts,” he said.
Currently, many Chinese companies are entering the agricultural sector. Mankevich noted that raw material processing would be a promising area in this field.
“Today we met with the authorities of the Orenburg Region, and they said they have excellent opportunities to get into the processing of gas, oil, and agricultural products within their region. I believe there is the strong potential and prospects, and I think successful cooperation can be achieved, especially considering that good logistics are being established for transporting products and meeting the needs of Chinese consumers,” stated the Chairman of the Russian-Asian Union of Industrialists and Entrepreneurs.
E-commerce could become a new growth point in the development of mutual trade between Russia and friendly Asian countries. Mankevich noted that Russian marketplaces are now creating logistics hubs there so that foreign manufacturers can more actively enter their platforms, which in turn helps increase mutual trade turnover.
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The Third International Forum “SPROUTS: Russia and China – Mutually Beneficial Cooperation” will be held in Kazan on August 18-19. Participants from 32 countries, 59 regions of Russia, and 24 administrative divisions of the People's Republic of China have registered for the forum. Eleven government delegations and at least 200 Chinese corporations are expected to attend. Approximately 10,000 people will participate in the forum.
The business program covers areas such as inter-state dialogue, economics, industry, education, business and entrepreneurship, business associations, finance and investment, culture, media, law, transport, agriculture, tourism, and construction. The program features around 100 events, including 70 business sessions. Around 20 agreements are planned to be signed at the forum.
ANPO Directorate of International Programmes is the operator responsible for preparing and holding the SPROUTS Forum.
Official website of the SPROUTS Forum:https://russiachinaforum.com
“I believe the SPROUTS forum is a platform to help Chinese and foreign companies learn more about Russia. The advantage of the Russian Federation is that regional authorities contribute greatly to help foreign companies come and localize their production. There are many local and federal incentives here, including special investment contracts,” he said.
Currently, many Chinese companies are entering the agricultural sector. Mankevich noted that raw material processing would be a promising area in this field.
“Today we met with the authorities of the Orenburg Region, and they said they have excellent opportunities to get into the processing of gas, oil, and agricultural products within their region. I believe there is the strong potential and prospects, and I think successful cooperation can be achieved, especially considering that good logistics are being established for transporting products and meeting the needs of Chinese consumers,” stated the Chairman of the Russian-Asian Union of Industrialists and Entrepreneurs.
E-commerce could become a new growth point in the development of mutual trade between Russia and friendly Asian countries. Mankevich noted that Russian marketplaces are now creating logistics hubs there so that foreign manufacturers can more actively enter their platforms, which in turn helps increase mutual trade turnover.
*****
The Third International Forum “SPROUTS: Russia and China – Mutually Beneficial Cooperation” will be held in Kazan on August 18-19. Participants from 32 countries, 59 regions of Russia, and 24 administrative divisions of the People's Republic of China have registered for the forum. Eleven government delegations and at least 200 Chinese corporations are expected to attend. Approximately 10,000 people will participate in the forum.
The business program covers areas such as inter-state dialogue, economics, industry, education, business and entrepreneurship, business associations, finance and investment, culture, media, law, transport, agriculture, tourism, and construction. The program features around 100 events, including 70 business sessions. Around 20 agreements are planned to be signed at the forum.
ANPO Directorate of International Programmes is the operator responsible for preparing and holding the SPROUTS Forum.
Official website of the SPROUTS Forum:https://russiachinaforum.com