Global Food

 
The Russian "Kommersant" recently published: Gabeyev, the Carnegie Moscow Center researcher, said that the impact of the epidemic on Russia-China trade is undoubted. However, the crisis generally has two sides. While Russian oil companies and machine tool importers have been hit in succession, agricultural companies have ushered in opportunities. According to Chinese customs statistics, Russia’s exports of agricultural products and food to China from January to May amounted to US$1.8 billion, an increase of 25% year-on-year, accounting for 7.6% of Russia’s exports to China over the same period, and rose to second place for the first time in the ranking of major commodities.

In recent years, there have been many favorable factors in bilateral agricultural trade. Russia is committed to eliminating non-tariff barriers to the export of agricultural products to China, and liberalizing certain types of food and meat markets; from 2018, through export centers, non-energy and non-raw materials exports will be subsidized; with Chinese government funding, The number of China-Europe trains that transit Russia continues to grow. Railway transportation can save about two weeks. Although shipping costs are lower, companies are more inclined to choose railway transportation; Russia Railway and other railway operators in Eurasian Economic Union member countries continue to improve the basis of railway transportation facilities. In addition, the epidemic also played an unexpectedly positive role. During the epidemic, the members of the Eurasian Economic Union and China circulated documents via email, and their work efficiency increased. In response to the crisis, China lowered the price of railway transportation and promoted Russia’s export of agricultural products to China by railway of 464,000 tons from January to May, a year-on-year increase of 46 %. The epidemic has become a catalyst for the emergence and development of several new trends.

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