The agreement on cooperation between REC and the Russian-German Chamber of Commerce in support of Russian non-resource non-energy exports was signed on the sidelines of SPIEF 2021.
The document provides for the involvement of German industry associations and organizations in promoting the instruments of financial and non-financial support of REC Group among potential foreign partners of Russian exporters, for example, instruments for searching for Russian suppliers, special financial instruments for organizing profitable international supplies. Also, the Russian-German Chamber of Commerce will participate in bilateral business meetings, establishing direct contacts with German industry associations and organizations, and trade networks.
«Russian products manufactured in the Russian Federation by both local enterprises and subsidiaries of German firms are becoming increasingly competitive on the world market due to the weakening ruble and quality improvement, - Matthias Schepp, head of the rep office of the German economy in the Russian Federation, Chairman of the Russian-German Chamber of Commerce - export has helped a number of German companies manufacturing in Russia to successfully compensate for the decline in performance caused by the low economic activity on the Russian market. One example is Continental, a tire manufacturer, which exports products from its plant in Kaluga».