China to begin direct trade with Russia

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News and insight for North America's fresh produce buyers
Gabrielle Easter

BY GABRIELLE EASTER

@gab_produceplus

China to begin direct trade with Russia

Chinese company Baorong has announced it will begin direct sales of fruit and vegetables to Russia through a specialised wholesale market

China to begin direct trade with Russia

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Chinese import-export company Baorong has announced it will sell fruit and vegetables directly to Russia via a specialised logistics centre in Dongning.

The 70,000m2 wholesale market will be strategically located near Russia’s eastern border, with a special cross-border customers zone and a 30,000m2 warehouse, according to the Moscow Times.

Reducing customs clearing times, the facility is estimated to cost US$9.7m to construct.

The Moscow Times reports that Chinese company Dili is planning to construct a similar cross-border trade zone by the end of 2014.

The trade announcement comes after Russia imposed a one year ban on imports from Western countries earlier this month in retaliation to sanctions imposed on Russian goods following the conflict in Ukraine.

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