Introduce asian customers to russia goods; russian food industry is prospering news from globe billDocument Transcript
Introduce Asian Customers to Russia Goods; Russian Food Industry isProspering-News from GlobeBill Russian manufacturers have grand ambitions to introduce Asian customers to their goods. Russia is one of the major exporters of raw materials to the West but its share of the world’s food imports is less than 1pc. And with the rapid rise in food production in Russia, the potential to expand the market is huge, say experts from the Ministry of Agriculture and the National Union of Exporters. Though for now, Russian food remains the preserve of those living within its bordersor those in the former Soviet republics，as agricultural production expands, exportingit will be a priority, according to the experts.Same with the current condition of Russian, Chinese agricultural consumption isrising rapidly. As a big country with huge population and a potential market, Chinahas been both big exporter and importer of the world. From January to June, theoutput of Chinese candy totaled 624,600 tons, rising by 14.55% YOY. Provinces withhigher YOY growth rates were Sichuan, Xinjiang, Heilongjiang, Shandong, Shanxi,etc. As the neighboring country with steady and prosperous economy, merchants intwo countries have seen the further hope of their career.The prosperous Russia market has provided them with a good choice. However,behind the golden chances lay many challenges which hold many people back fromthe profitable business. Among the obstacles laying ahead, the payment gatewaysolution in one of the biggest. By establishing a local payment gateway in Russia;GlobeBill (www.globebill.com) can effectively help the foreign investments solve theproblems of operating difficulty. As a representative of GlobeBill, Lin said that thenumber of Chinese third-party payment companies involving in Russian ForeignTrade receivables were very limited which has caused a lot of obstacles when foreignpower want to enter the Russian market. The payment gateway will be able to provideboth Russian and Chinese merchants a professional payment solution in Russian localbusiness.