Russia Has Great Demand For Textiles, And Shaoxing Is Actively Exploring New Russian Markets.

Mina, Shaoxing County, Changlong mansion, Keqiao City, Zhejiang Spin Ltd has recently established a branch in Russia. In the first half of this year, the company also developed two garment enterprise customers, exported to Russia more than 3 million U.S. 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.

It is understood 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. According to the relevant officials, such an increase is quite astonishing under the relatively severe foreign trade situation. It shows that Russia is becoming a new emerging market in our county's export.

Mina, chairman of the textile Co., Ltd., Wei Changjun, said that as the world's emerging economies, Russia's market demand for textiles is very large. 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" was incorporated in Russia, and a company was hired. Russia Employees in order 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.

Recently, a Russian customer was accompanied by a Tianjin middleman to purchase the cashmere fabric at the "Hui Hui textile" outlet of the Dongsheng Road market of the textile city. Wang Xindong, general manager of "Hui Hui textile", said that recently, many Russian customers came to buy Fabrics, so the company will try to do foreign trade, and preparations are being made in related fields.

The official of "Qingdao St." Keqiao office said that the products previously operated by households Exit Russia has been seized, so we dare not rush to expand the Russian market. Now that Russia has entered the WTO, it will become more and more standardized and convenient. In the future, the company will try to open up the Russian market.