Trade between Russia and Egypt may go up to ten billion US dollars in 2018, chairman of the Russia-Egyptian Business Council under the Russian Chamber of Commerce and Industry, Mikhail Orlov, said.
"Trade is growing dramatically <…> It was about six billion US dollars last year and is likely to be even more this year: I think we can make up to ten billion US dollars," he told TASS on the sidelines of the KazanSummit international economic event.
According to Orlov, bilateral trade has a potential of 25 billion US dollars. However to achieve such indices Moscow and Cairo need to simplify procedures of mutual financing of projects, harmonize phytosanitary standards and remove administrative barriers in the pharmaceuticals sector.
From January to April, 2019 Orel regionís export to Germany increased by 7% compared to the same period of 2018 and amounted to $5.9 mln.
From January to April, 2019 Pskov regionís export to Spain went up by 1.64 mln. compared to the same period of 2018 and amounted to $1.65 mln.
In 2018 Russia became the worldís largest exporter of fuel elements (cartridges). Its export volume amounted to $981 mln or 44% of worldís fuel element export.
About the models of business development in another country and professional secrets is told by a practicing expert on work in international markets Anna Trubetskaya