Russian fishermen see export prospects in BRICS markets

Published 2024년 9월 4일

Tridge summary

Russian fishermen are looking to increase trade with BRICS partners and markets in the Middle East, Africa, and Latin America, as reported by the President of the All-Russian Association of Fishery Industrialists, German Zverev. Despite sanctions, Russia, being one of the top five global fishing powers and top 10 largest exporters of fish products, sees potential for growth in fish exports. The geography of exports is expanding, with the main importers being China, Japan, South Korea, and the European Union. The industry is undergoing a reorganization, with a shift towards high-value added products, and there is potential to strengthen position in traditional and new markets within the next ten years.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Russian fishermen see potential for trade with BRICS partners, there is interest in increasing supplies to the markets of the Middle East, Africa, and Latin America. This was reported to TASS by the President of the All-Russian Association of Fishery Industrialists (VARPE) German Zverev on the sidelines of the Eastern Economic Forum (EEF). "We see great potential for intensifying trade with our BRICS partners, the markets of the Middle East, Africa, and Latin America are very interesting. We believe that this is where there is great potential for growth for Russia's fish exports. There are opportunities to develop exports to countries in the Asia-Pacific region, where the processing sector is developed," Zverev said, recalling that Russia is among the top five global fishing powers and among the top 10 largest exporters of fish products. At the end of last year, fish and seafood accounted for 12.5% of the volume of external shipments of Russian agro-industrial complex products - ...

Source: Kvedomosti