Export of the Tyumen region’s products to China grew by 30% last year (compared to 2017), reported Alexander Moor, the Governor of the Tyumen region during the Ural - Ching-ling Forum on Economic Cooperation, which takes place as a part of the 4th International Silk Road EXPO in the Chinese city of Xi'an.
According to the Ural Customs Administration, the Tyumen region’s turnover of foreign trade with China amounted to more than 180 million US dollars in 2018: 49.5 million US dollars of export and 135.9 million US dollars of import transactions. The main groups of products in the export structure are: mineral fuels and petroleum products, polymeric materials, equipment, food products. The main share of import is electrical machines, equipment and mechanisms.
"We are interested in acquiring products, which are not manufactured in the Tyumen region, or if the amount of domestic manufacturing is insufficient. At the same time, the region’s enterprises are willing to supply polypropylene, wood, construction materials, industrial textiles and a number of food products to China. Last year we opened a permanent exhibition of the Tyumen region’s products in Shanghai for the convenience of our Chinese partners. Currently only food products are exhibited there, however the range will be broadened soon", informs the Governor.
He notes that the government of the region pays special attention to creating a favorable investment climate and a comfortable business environment.
"Integrated approach is our principle in cooperating with investors. A new investor is offered three tools essential to ensure success. They include tax relief, financial support and administrative assistance", explains Alexander Moor.
Summing up the presentation, the head of the region outlined the promising directions for mutually beneficial cooperation, which are agriculture and food industry, industrial cooperation (between Tyumen and Chinese oil and gas companies for equipment supply, constructing assembly plants, IT cooperation (the Tyumen region offers all-inclusive conditions to opening Chinese IT companies), logistics and trade, pharmaceutical and medical cooperation, tourism). Note that a 5-day tour to towns of the Tyumen region, called "Discover Your Siberia" was developed specifically for tourists from China.
Source: Press service of the Governor of the Tyumen region