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Denmark successfully develops trade, economic cooperation with Russia

February 27, 2014, 19:05 UTC+3 COPENHAGEN
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COPENHAGEN, February 27. /ITAR-TASS/. Denmark’s strategy on trade and economic interaction with Russia “yields sensible results”, Danish Minister of Trade and Development Mogens Jensen said.

In an interview with Itar-Tass on Thursday, Jensen said, “In May 2012, the Danish government approved a strategy, which contains several initiatives to increase investments in the kingdom and the development of Danish companies in Russia.”

According to  the document, the growing markets, including Russia, should double direct investments in the Danish economy in 2005-2010. Russia increased direct investments up to €500 million in 2012, the Danish minister said.

“Denmark set the task to increase export of Danish companies to Russia by 50% in 2011-2016. I should note that Denmark is the only EU country, which has positive balance in trade with Russia,” Jensen said.

In 2013 “several Danish ministers visited Russia accompanied by businessmen’s delegations in order to promote Danish goods and technologies on the Russian market”. “In April 2014 Prince Joachim of Denmark will visit Western Siberia - the cities of Khanty-Mansiisk, Surgut and Tyumen. Danish businessmen in charge of energy and environmental protection will accompany the Danish prince,” Jensen said.

“In order to make interaction between Danish and Russian companies successful, the Russian government should fulfil the agreements within the World Trade Organization (WTO). Russia also should take efforts to get rid of irritating factors in trade in order to avoid the settlement of disputes within the WTO,” the Danish minister stressed.

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