Food businesses sound out cooperation opportunities in Russia

VOV.VN - A group of Vietnamese businesses specializing in food and foodstuff made a trip to the Russian province of Krasnodar from August 2- 5 to explore the prospects of trade cooperation with local firms.

At a roundtable discussion held on August 3, the two sides examined the possibility of exporting agricultural products and foodstuffs of Krasnodar to Vietnam, outlying advantages and disadvantages as well as support measures for businesses.

Egor Robskyi, deputy director of Krasnodar Provincial Chamber of Commerce and Industry, affirmed the province holds great potential for trade cooperation with the Asia-Pacific region in general and Vietnam in particular, especially when Vietnam and Russia have established their comprehensive strategic partnership and afte r Vietnam has signed a free trade agreement with the Eurasian Economic Union (EAEU).

Businesses of the two sides held face-to-face meetings and signed a number of economic contracts. Accordingly, Krasnodar businesses will export commodities such as sunflower oil, vegetable oil, cereals, rice, barley, soybeans, corn, sunflower seed, pasta, confectionery, meat, cheese and clean organic products to Vietnam.

In 2021, two-way trade turnover between Krasnodar and Vietnam exceeded US$32 million, up 96% over the previous year. The first seven months of this year alone saw bilateral trade value reach nearly US$95 million.