Zhejiang Textile Industry Is Optimistic About Russian Market Prospects

Mina, Shaoxing County, Changlong tower, Keqiao city proper

The limited company has recently established a branch in Russia. In the first half of this year, the company also developed two garment enterprise customers, exporting to Russia for more than 3 million US dollars, an increase of more than 20% over the same period last year.

Wei Changjun, chairman of the company, said that after Russia's accession to the WTO, he was more optimistic about the prospects for Russian market development.

In August 22nd, Russia officially became the 156th member of the World Trade Organization (WTO).

As an emerging market of Shaoxing county's export, Russia's accession to the WTO has brought impetus to Shaoxing enterprises.

Shaoxing enterprises generally say that Russia's accession to the WTO will not only contribute to the modernization of Russia's domestic economy, but also inject new momentum into the development of its own economy and Global trade, and benefit the export of Chinese textiles to Russia.

Reporters learned from the County Commerce Bureau that from 1 to July this year, 465 enterprises in Shaoxing County exported to the Russian market, with an export volume of US $136 million, an increase of 25.9% over the same period last year, much higher than the average export growth of the whole county.

The relevant responsible person believes that under the relatively severe foreign trade situation, this increase is quite alarming, indicating that Russia is becoming a new emerging market of Shaoxing county's export.

Wei Changjun, chairman of Mina textile, said that as the world's emerging economies, Russia has a great demand for textiles.

Before Russia's textile sources, mainly from South Korea, Turkey and other places procurement, and the Chinese market in their view is lower.

In fact, many textiles from Korea and Turkey come from Shaoxing.

From 1 to July this year, the Russian textile market of Mina textile exported about 4 million US dollars, and the accession to the WTO brought more convenience to "Mina textile".

In order to expand the Russian market, recently, "Mina textile" in the

A branch office was registered, and a Russian employee was hired to carry out better negotiation and cooperation with local merchants.

After Russia's accession to the WTO, the import and export of commodities will be more standardized, and amendments, such as prohibitions, licenses and authorisation, which do not conform to WTO rules, will be amended or abolished.

This is equal to the opening of a normal channel for Shaoxing county enterprises, and more access business opportunities. Compared with before, import and export tariffs will be reduced correspondingly, and the cost of exporting Shaoxing to Russia will also be reduced.

Yesterday, a Russian customer was accompanied by a Tianjin middleman to purchase the cashmere fabric at the "Hui Hui textile" market department of the Dongsheng Road market in the textile city (600790, stock bar).

Wang Xindong, general manager of "Hui Hui textile", said, "come to purchase in the near future."

A lot of Russian customers, and the company will try to do foreign trade, is currently preparing for related aspects.

Xiao Sheng, the Keqiao Office of Qingdao Saint - me, told reporters that the export of products previously exported to Russia has been seized by Russia. Therefore, we dare not rush to expand the Russian market. Now that Russia has joined the WTO, it will become more and more standardized and convenient in all aspects. In the future, the company will try to open up the Russian market.