Monday, June 28, 2010

Mexico has its eye on Russia

Mexico's SAGARPA (Secretary of Agriculture and Rural Development)  are currently participating in a trade mission to Moscow, Russia.  The purpose of the trade mission was to promote Mexican meat and produce in Russia, while Mexican buyers are looking at Russian minerals and wheat.  There are 38 small businesses from Mexico participating in the trade mission.

Mexico has a good history of trade relations with Russia.  Mexico is considered a "favored nation" in Russia, which means it enjoys discounts on trade tariffs of up to 25%.

A few trade facts about Russia:
  • Russia is the world's 5th largest food importer
  • Trade between Mexico and Russia grew 79% from 2000 to 2007
  • Russia is part of the BRIC (Brazil-Russia-India-China) economic block
  • Russia's main exports include: aluminium, steel, nickel, copper, helicopters and plastic
  • Russia's main imports include: automobiles, machinery, televisions, medicine

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