RUSSIA SEEKS TO REDUCE CHINESE CLOTHING AND TEXTILE IMPORTS, WHILE ATTRACTING INWARD INVESTMENT
June 6th, 2014
Russia might be have signed a series of intergovernmental agreements with China, but the Russian textile sector will not be a direct beneficiary, the Russian ministry of industry and trade has confirmed to WTiN.com. Initialled during the May 19 – 20 visit of Russia’s President Vladimir Putin to China, the agreements will focus on Russian energy sales, and instead, Russia’s government is to design a package of measures aimed at substituting of Chinese textile and clothing imports with domestically produced clothing and textile products. The programme will be ...
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