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RF-SKorean trade turnover in 2011 to amount to $23 bln

December 27, 2011, 11:57 UTC+3
“South Korea is and will be one of our main partners in the Asia-Pacific region, taking into account many factors,” Russian ambassador to South Korea said
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SEOUL, December 27 (Itar-Tass) —— Over 2011, trade turnover between Russia and South Korea will amount to 23 billion dollars, Russian ambassador to South Korea Konstantin Vnukov said here on Tuesday.

“According to the Russian Trade Mission, the volume of trade turnover with South Korea by the end of November amounted to 22.2 billion dollars, which is a historical record. And with account of December, there are certain grounds say that we’ll exceed the level of 23 billion dollars, which is five billion more than in 2010, and the tendency of positive balance in favor of Russia is going on,” the ambassador said.

At the same time, as the Russian diplomat said, Russian helicopters make more than a half of the civilian helicopter fleet of South Korea. Russia’s exports to the republic also include nuclear fuel for its nuclear power plants and a number of other highly technological products.

According to the ambassador, “an agreement on the establishment and strengthening of cooperation and partnership to modernize the economy, reached at a meeting of the two countries’ presidents in November, is to play a great role in the development of bilateral trade.

“South Korea is and will be one of our main partners in the Asia-Pacific region, taking into account many factors and a highly technological level achieved here. They wish to cooperate with us and use, at the same time, both sides’ advantages: our scientific developments and experience accumulated by Seoul to introduce high technologies,” the ambassador said.

South Korea, according to him, shows growing interest in such projects as Skolkovo, it is ready to participate in it and is holding talks on this issue.

There are many highly technological projects on Siberia and the Far East which could be studied by the two sides. “It has a good future,” the diplomat stressed.


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