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Russia Hopes China Will Take An Active Part In Investment In Russian Textile And Garment Industry.

2011/11/22 17:08:00 11

Russia Hopes China Will Take An Active Part In Investment In Russian Textile And Garment Industry.

Russian textile and light industry entrepreneurs association chairman, 15, said that China is Russia's imports.

textile

The largest source country, Russia welcomes Chinese textile manufacturers to invest in Russian factories and directly produce textiles in Russia.


Fu Ming, in the Moscow Beijing video link event held by Russian new agency on the same day, said the Russian government plans to increase the share of domestic textiles in the Russian market from the current 20%-25% to 50% by 2020.

To this end, the Russian government should increase investment in the domestic textile industry, strengthen domestic protection measures, provide subsidies for the domestic textile industry, and at the same time attract foreign manufacturers from China to Russia.

Invest in factories


Fu Ming said that at present, about 50% of the Russian light industry market is illegal "gray" imports.

In order to control the "grey" import of textiles, the Russian Ministry of industry and trade has set up an inter departmental Committee, which is responsible for regulating the Russian textile market and destroying the "grey" imported textiles confiscated.

In addition, Russia will also rectify the open-air market dominated by individual businesses, and intensify efforts to investigate corruption cases in the Customs Department.


In answer to my question, Fu Ming said that China's labor costs are rising, while Russian light industry's

wages

Quite low, therefore, it is feasible for China to produce textile products in Russia.

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