German businesses are interested in participating in infrastructural projects in the Russian Far East and do not rule out the possibility that they may cooperate in connection with such projects with Asian partners, Matthias Schepp, the Chairman of the Russian-German Chamber of Commerce's Executive Board, tol
German businesses take interest in Russian Far East infrastructural projects
German businesses are interested in participating in infrastructural projects in the Russian Far East and do not rule out the possibility that they may cooperate in connection with such projects with Asian partners, Matthias Schepp, the Chairman of the Russian-German Chamber of Commerce's Executive Board, told.
He noted that he considers participation in infrastructural projects, deliveries of German equipment and transfer of German technology, including those relating to agriculture, fishing, mining and road construction, to be the most promising areas.
At the same time, German businesses do not see keen competition on the part of Asian investors in this region. "Yes, to some extent, we are competitors with Japan, Korea or China, but I wouldn't say there is some acute struggle ongoing; it is possible to cooperate in some areas, and German businesses may also participate in investment projects initiated by Asian companies by delivering hi-tech equipment for them. The development of partnership relations is perfectly possible as these countries are partners for Germany," Mr. Schepp thinks.
More than 10 German companies are going to be represented at the Eastern Economic Forum (EEF) which is going to take place at the campus of the Far Eastern Federal University from the 2nd to the 3rd of September with such majors as SAP and ThyssenKrupp going to be among the participants. "We will hold "Russia-Germany Business Dialog" as part of the forum and my goal, as that of the new Chairman of the Chamber of Commerce's Executive Board, is to proceed to implement a 'road map' to bolster partnership and cooperation in the region jointly with the Far East Development Ministry," Mr. Schepp concluded.
The ministries of agriculture of Iran, Russia and Kazakhstan have concluded a trilateral memorandum of understanding on the issue of wheat trade.
Trade turnover between Russia and Germany increased 8.4% and reached nearly ˆ62 billion ($70 billion) in 2018 compared to previous year.
In 2018 Russia’s meat export amounted to 288.5 thous. t, it is a 21% increase compared to 2017.
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