The cooperation trend between Rostov-on-Don and the Republic of Korea is directed towards increasing the foreign trade turnover

The cooperation trend between Rostov-on-Don and the Republic of Korea is directed towards increasing the foreign trade turnover

Vitaly Kushnaryov, the Head of the Rostov-on-Don City Administration,  has held business negotiations with the Ambassador Extraordinary and Plenipotentiary of the Republic of Korea to the Russian Federation, Yoon-keun Woo.

Mr. Yoon-keun Woo has led a delegation of representatives of the Embassy of the Republic of Korea in the Russian Federation, who came with a business visit to the southern capital.

In the framework of the dialogue, the trade and economic cooperation, as well as new directions for further cooperation, have been discussed. Thus, the total turnover of the city of Rostov-on-Don enterprises with the Republic of Korea enterprises, carried out in the region of activity of the Rostov Customs, has amounted to 772.5 tons in physical terms and $ 6.3 million in value terms in 2017.

The industrial structure of exports of the city enterprises with the Republic of Korea enterprises is represented by one commodity group – machine building (spare parts for electrical equipment). The Rostov enterprises import the machine-building, textile and chemical industries products.

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Vitaly Kushnaryov has expressed confidence that the current visit of the representative delegation of Korean businessmen will change the trend of our cooperation towards increasing the foreign trade turnover indicators.

During the discussion, particular attention has also been paid to the forthcoming World Cup, whose games will be hosted by Rostov as well.