President Vladimir Putin is concerned about negative trends on declining trade turnover between Russia and Lebanon in early 2018, urging to expand the economic cooperation between the countries.
"The positive trend regarding growth of trade turnover by more than 17% (in 2017) should be maintained," he said at a meeting with Lebanon’ Prime Minister Saad al-Hariri on Wednesday, adding that it is necessary to deter the "unexpected worrisome" trend of declining trade turnover recorded in the first quarter of this year.
According to Putin, "it is necessary to speed up the work of the intergovernmental commission," which has been operating successfully so far, involving various companies to collaboration. He added that "there is a good groundwork in different areas."
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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