China has proposed to establish Ukrainian-Chinese free trade area. Chinese Ambassador to Ukraine Du Wei said this during an opening ceremony of Ukraine Silk Road International Forum held in Kyiv. “The Chinese side has proposed to create the Russian-Chinese free trade zone. We hope to intensify a research on this issue with the Ukrainian side”,…
The trade between Belarus and Pakistan has been recently gaining momentum, the Embassy of Belarus in Pakistan reported. In January-September the trade between Belarus and Pakistan totaled $38.6 million, with Belarus exporting $30 million worth of products to Pakistan. The deliveries of Belarusian tractors increased by 7.8%, tractor parts by 55.4%. The deliveries of Belarusian…
A member of Russian food retailer Magnit’s board of directors, former director of its operating unit Tander Vladimir Gordeichuk is selling a 1.3% stake in the company. The price of the shares will be set during an accelerated collection of bids. UBS will act as the organizer of the deal. According to Magnit, Gordeichuk holds…
Projects in the pharmaceutical sector, the sphere of agriculture technologies and high-technology industry may accelerate cooperation between Russia and Israel and stimulate growth of mutual trade, Prime Minister Dmitry Medvedev said. At present, trade between the countries amounts to $2 billion, he said, adding that the figure had fallen by around 30% due to the…
On November 1, the Free Trade Agreement between Moldova and Turkey came onto effect. The document implies a number of advantages for local businesses, especially for farmers. Among the benefits for local businesses is unlimited access without tariff restrictions on imports of agricultural products to the Turkish market. Moldova will cancel customs duty for some…
Azerbaijan and Russia have the widest prospects for development of relations in the non-oil sphere, Chief of the Russian Presidential Directorate for Interregional Relations and Cultural Contacts with Foreign Countries Vladimir Chernov reported. “The more we get to know each other, the more new areas for the development of relations we find”, Chernov said. “If…
Azerbaijan’s Economy Ministry has already received first appeals from entrepreneurs regarding the partly repayment of their expenses for products’ export, the country’s Economy Minister Shahin Mustafayev reported. “As is known, in accordance with the export support mechanism, Azerbaijani government will return part of the money spent by entrepreneurs on the organization of export supplies (compensation…