Russia and Britain resume dialogue on trade

LONDON, 15 Nov — RIA Novosti, Natalia Kopylova. TradeRepresentative of the Russian trade Federation in the United Kingdom Boris Abramov stated "RIA Novosti" that Russia and the UK have resumed existing dialogue on the development of bilateral trade relations for the first time since 2014 despite the deterioration of the political background of their relations in general.
Russia and the UK started talks on the development of bilateral trade relations three months ago. «We have restored dialogue with UK Department for International Trade (DIT). Now, despite the deterioration of the global political climate, the dialogue between the Trade delegation here, between DIT and the Ministry of Economic Development of the Russian Federation has been restored at a global and working level. In this case, our and British interests coincide completely on the issues of promoting bilateral trade relations in areas that are not limited by sanctions. That's why the British side supports cooperation», - Dr Abramov claimed.

He argued that the factor of Brexit played a significant role in the resumption of a dialogue between the two countries. Boris Abramov said that «the start of Brexit leads to a change of foundations on which the UK's economic relations with other countries were built. Now, the UK is forced to rethink how it should build its cooperation with the outside world, particularly with Russia».

«Today the Russian Federation is not in the list of the top trading partners for the United Kingdom, but it is still a very valuable market. It plays a crucial role for the UK». Russia's trade with the UK amounted to more than $12 billion in 2017. Obviously, Great Britain is interested not only to maintain, but also to increase such relations» said the Head of the Russian Trade Delegation.

Taking into account the fact that since 2014 the dialogue at the level of the ministries of the two countries has been completely frozen, currently the dense work is going to restore previous cooperation between the two countries. Dr B.Abramov claimed that «we are not negotiating specific projects yet. We share information with each other about those companies which are interested in doing business in Russia and Great Britain. Commonly, there is no negative attitude towards Russians as potential business partners. This inspires optimism for us and our colleagues in DIT».

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