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.
No comments yet