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03/13/2013

News / Russia has too many trade rep offices in Europe; too little in Asia, Africa – Economics minister

Russia has an excessive amount of trade representative offices in Europe, the country’s Economic Development Minister Andrei Belousov noted during a press briefing. The minister called for the creation of new trade representative offices in Africa and Southeast Asia at the expense of the redundant ones in Europe.

“In my opinion, a trade representative office should operate in each CIS country, but there are too many of them in Europe,” Belousov was quoted by Interfax as saying. “At the same time, the number of our trade representative offices present in Southeast Asia is insufficient, and there is a critical shortage of them in Africa.”

The ministry will be reorganizing its network of trade representative offices abroad within the next two years. One of the main objectives of the overhaul is to open new offices in countries where Russian companies have economic interests and do away with ineffective and redundant offices. The opinions of companies operating on the market of a particular country will also be an important consideration.

“The presence of trade representative offices is relevant to countries where Russian companies both have interests and where these interests have been put into practice in the form of concrete projects,” Belousov stated. “If nothing stands in our way, I plan to finish the reorganization of our trade representative offices' operations by 2015.”

The ongoing reorganization will not require additional funding or human resources as all new offices will be set up at the expense of the offices that are to be shut down.


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