Date: 9 months ago   Category: Economy

The head of Rusagro has told about benefit of trade war of the USA and China for the Russian business — Rambler News Service


Photo: News/Vladimir Astapkovich Trade war between the USA and China is favorable to RIA to the Russian business as it promotes establishing cooperation with the foreign companies and development of the Russian export, the CEO of an agrokholdig of Rusagro Maxim Basov has told in RNS interview. "We could export soy already few years, but there was no interest large (foreign — RNS) the companies to work with the Russian companies because they have already established relations with Americans generally. Now trade war which there has begun Trump pushes them in our embraces, and we see very great interest of Chinese to our soy and corn" — he has told. Basov has added that Rusagro plans to begin to export soy and corn to China in 2018. "For us the most interesting succession of events is the beginning of direct supply of soy and corn to China, we plan to begin to export this year" — he has noted. Besides, the company expects to arrange deliveries to China of the new product — cheese and also functional mixes. Earlier international rating agency Fitch has lowered the forecast for growth of world GDP in 2019 because of trade war of the USA and China on 0,1 items — to 3,1%. "Trade war is a reality. Recently announced duties of the USA on the goods imported from China on the sum of $200 billion will have significant effect on global growth and though we by this moment have already included shock from 25% of duties in our basic forecast, risks of deterioration in our forecasts have increased" — words of the chief economist of the agency Brian Colton were cited in the message.

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