Trump says he wants to 'severalfold' increase trade with Russia

US President Donald Trump during talks with Russian Foreign Minister Sergey Lavrov said that he wanted to "several times" increase trade with Russia. Writes about it Gazeta.Rureferring to the source of Kommersant, which is close to the Russian delegation.

Фото: Depositphotos

In five years, the United States has become the fifth largest partner in Russia, rising from 9 line. In the near future, a bilateral Business Advisory Council will work, which will also help defrost relations. However, experts believe that it will still not be possible to significantly increase trade turnover.

According to the source, during the negotiations, Donald Trump mentioned this desire several times.

How exactly this can be achieved under the conditions of anti-Russian sanctions was not discussed at the meeting. But it is assumed that the issue will be resolved within the framework of the Russian-American Business Advisory Council. It is expected that in the coming months it will be announced.

Sergey Lavrov also talked about restoring economic relations.

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“Despite the sanctions, bilateral trade under the presidency of Donald Trump has grown steadily. From the level of $ 20 billion by which this volume of trade has reduced Barack Obama“Donald Trump at the end of this year helped to reach the level of $ 27 billion,” Lavrov said.

According to him, the growth of trade by almost one third means the creation of new jobs in both countries and an increase in the profits of producers. And if you give an additional impetus to trade relations between the countries, the results will be "even more mutually beneficial."

According to the Federal Customs Service of the Russian Federation, Russia's foreign trade turnover in the 2019 year declined with almost all the countries from the top 10 major trading partners - except China.

The reasons for this fall are lower oil prices.

One of the main goods supplied from Russia is “black gold”, and since 2014, the price of Urals oil has almost doubled from $ 100 per barrel.

Turnover has also declined under the influence of US sanctions, EU and a number of other countries, as well as the subsequent food counter sanctions. A decrease in the ruble exchange rate and a sharp increase in the price of goods imported into Russia negatively affected trade volumes. As a result, the level of consumption has fallen in Russia.

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However, trade turnover between the Russian Federation and the United States fell significantly less than with European countries.

In the first half of the 2019 year, compared with the first half of the 2014 year, the trade turnover decreased by 11%. For comparison: the fall with Germany - 29%. If in the 2014 year the United States occupied ninth place in the top ten trading partners of Russia, now it has moved to fifth.

To create a new mechanism for the interaction of business leaders of countries, Russian President Vladimir Putin proposed to Donald Trump during the negotiations on July 16 2018 in Helsinki, the newspaper notes. Then Putin said that to facilitate the development of mutual trade and investment, an agreement had been reached on creating a high-level group that would bring together captains of Russian and American business.

Putin at that moment emphasized that on the part of the business community of both countries, "unconditionally", there is interest in cooperation.

Over the past year and a half, the group never formed. The publication reports that Russian business was ready to begin implementing the idea of ​​Putin. But for a long time there were no clear signals from the American side, the publication claims. Washington cited the fact that large entrepreneurs doing business with Russia were skeptical of the idea of ​​creating such a group.

It was noted that already existing specialized bilateral organizations are enough.

“There are a number of factors that will impede the growth of trade between Russia and the United States. And sanctions are just one of them. They to a greater extent affect precisely investments in Russia, and not on commodity circulation. Much more important is that consumer demand in Russia, apparently, will not grow in the coming years, so there will be no new niches and opportunities for goods from the United States, says Egor Klopenko, founder of the iTLEADERS venture capital investor club. — How to increase exports from Russia is also not entirely clear. The main question is: are we producing something that would be in demand there? They have their own oil. So in the coming years, trade is unlikely to increase significantly. ”

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