Trade and economic relations of Russia with the Great Britain.
Trade and economic relations of Russia with the Great Britain.
In 1998 in connection with financial and economic crisis in Russia
Goods turnover of the Great Britain from the Russian Federation has decreased on 11 %. In January -
November, 1998 the trade volume has increased by 9 %; in December
There was a recession and as a whole for a year export of the British goods
It was reduced to 937 million f. The item, or on 24 %, and import from the Russian Federation - on 1 %
(To 1466 million f. The item). In 1998 negative balance of balance for
The Great Britain in trade from the Russian Federation has increased to 529 million f. The item (in
1997 was 244 million f. The item). In 1998 a share of Russia in the external
To trade of the Great Britain about 0,68 % (in 1997 - 0,75 %) were reduced.
Data about trade of the Great Britain with Russia in 1995 - 1998
Are resulted below (million f. The item):
1995 1996 1997 1998 1998 in % by 1997
Turn 1836,3 2284,0 2709,4 2403,0 89
The British import (sif) 965,9 1274,8 1476,8 1465,9 99
The British export (fob) 870,4 1009,2 1232,6 937,1 76
Balance-95,5-265,5-244,2-538,8 -
Source: "Overseas Trade Statistics of the United Kingdom, MM
20 ", London, 1995 - 1998
According to Goskomstat of the Russian Federation, the Great Britain takes the second place
After the USA on total amount of investments into economy of the Russian Federation.
The volume of direct investments makes 932 mln. dollars, portfelnyh
- 351 mln. dollars and other (the state securities, etc.) -
3,34 bln. dollars
In 1998 the additional demand line of credit has not been used
In 500 million f. The item under guarantees of the governments of the Great Britain and
Russia, and attraction of the British credits was not made,
As in the autumn of 1998 Russia has decided to suspend temporarily
Attraction of foreign investment credits. British
The party does not show the initiative concerning the new investment
Projects under guarantees of the government of the Great Britain. Department
Guarantees of export credits (DGEK) does not accept to consideration
Insurance of credits under new investment projects, the list
Which have been prepared in 1998 by the Ministry of Economics of Russia.
In 1998 in Moscow there has passed the first session created in frameworks
The Russian-British intergovernmental committee on trade
And to investments (MKTI) working group on high technologies. On
Fourth session MKTI in 1997 in London it has been decided to create
Working groups on bankovsko-credit sphere and securities, and
Also to regional cooperation. Because of not constructive
Positions of the Ministry of the industry and trade, and also
The Ministry of Finance and Bank of England these groups are not created yet.
In November, 1998 in Moscow there has passed a meeting of assistants
Co-chairmen MKTI. The further development of cooperation in frameworks
MKTI aggression of the countries of NATO against Yugoslavia has complicated. So,
The Ministry of Trade and the industries of the Great Britain has refused
From carrying out in May, 1999 in Moscow the fifth session MKTI.
In 1998 direct communications of regions of Russia with firms developed and
The governmental departments of the Great Britain, has increased
Quantity of delegations of the Russian regions which have visited
The Great Britain for participation in exhibitions, conferences and seminars.
So, last year 50 delegations from 34 subjects of the Russian Federation have visited
The Great Britain.
In October, 1998 in London there has passed the international conference
"Moscow-invest 98" in which participated more than 300 businessmen
From the Great Britain and Russia and of some the world countries. The mayor of Moscow JU.
Luzhkov has presented at conference more than 200 investment
Projects.
In April, 1999 J.Luzhkov at a meeting with the British
Businessmen has suggested to develop cooperation in food,
Easy, perfumery, a pharmaceutical industry, and also in
To sphere of high technologies. He has informed, that in Moscow is accredited
350 British firms, and quantity of joint ventures from shares
The British capital has reached 900.
J.Luzhkov has noticed, that Moscow has in trade with
The Great Britain positive balance in 9 mln. dollars in a year and in
The core exports to this country mineral oil, precious
Stones, etc.;
From the Great Britain cars and the equipment, etc. It are imported
Has informed, that the Great Britain takes the fourth place on volume
Investments into the industry of Moscow.
In Leningrad region 19 joint are registered
The enterprises (joint venture) with participation of the British firms, from them three from them
100 %-s' capital. To 1998 of the joint venture exported oil and
Mineral oil, wood, paper, cardboard, etc.
British fund "Now-Haw" carries out with the organisations
Leningrad region 5 joint projects. So, since 1998
The project "Marketing of dairy animal industries" is realised. In
Result of job with 13 dairy firms and four
The processing enterprises sale of their production has increased on
30 %. Preparation of experts for the baking is conducted
The industries, are created and some business centres operate.
Projects on assistance to farms are carried out.
In the end of 1998 the British businessmen have signed with the Russian
Partners contracts and agreements on building of hotels in
Moscow and Petersburg. In November, 1998 the company "De Beers"
Has prolonged till 2001 the agreement with the company "Diamonds of Russia - Sakha"
About deliveries from the Russian Federation of diamonds for the sum to 550 mln. dollars in a year.
In October, 1998 in Ekaterinburg there has passed the British trading
Exhibition "Britain in Russia 98" in which participated
Representatives of 60 British companies.
By data statisticans of the Great Britain, the cores commodity
Cars were groups of the British export to Russia in 1998 and
Vehicles - 455 million f. The item (48,6 %), chemical
Production (products of organic and inorganic chemistry,
Medical and pharmaceutical preparations, plastic) - 134 million
f. The item (14,3 %), the consumer goods (clothes, footwear,
Home appliances, printed matter, furniture) - 120 million f. The item
(12,8 %).
In 1998 the British export has considerably increased
The metalcutting and power equipment,
Vehicles, rubber, ferrous metals, textile
Threads, sugar.
In 1998 export of the British food was reduced
The goods (except sugar), mineral fuel and lubricant
Materials, nonferrous metals, products from nonmetallic minerals,
The equipment of communication, chemical production (especially
Pharmaceutical), the consumer goods, coffee and tea.
Products from were basic articles of the British import
Nonmetallic minerals - 460,5 million f. The item (31,4 %), which import
Has increased in 1998 on 27 %; nonferrous metals - 429,3 million f. The item
(29,3 %), mineral fuel and lubricants - 166 million f.
The item
(11,3 %), chemical products (organic and inorganic
Chemistry) - 121,5 million f. The item (8,3 %), raw materials and half-finished products - 97,6
Million f. The item (6,7 %), wood and products from it - 52,6 million f. The item
(3,6 %), cars and vehicles - 50,4 million f. The item
(3,4 %), metal ores and scrap metal - 50 million f. The item (3,4 %),
Ferrous metals - 49 million f. The item (2,9 %). Goods turnover structure
The Russian Federation with the Great Britain last years has not changed.
Data about commodity structure of export and import of the Great Britain
Are resulted more low.
Structure of export of the Great Britain in the Russian Federation in 1998
1998 1997 1998 in % by 1997
(Million f. The item)
In total 937,7 1232,6 76
The foodstuffs and live animals 77,7 112,9 69
Meat and meat products 6,1 10,5 58
Fish and fish products 3,8 5,3 72
Grain and products from them 7,3 14,7 50
Sugar, products from sugar, honey 30,1 23,2 130
Coffee, tea, cocoa and products from 10,7 15,0 71
Them
Drinks and tobacco products 51,7 54,1 96
Raw materials and half-finished products (except 6,5 3,9 167
Fuel)
Rubber 0,4 0,2 200
Textile threads 1,3 0,8 162
Metal ores and scrap metal 1,8 0,4 450
Mineral fuel, lubricant 0,9 2,7 33
Materials
Oil and mineral oil 0,9 2,7 33
Animals and vegetable oils and 5,2 5,4 96
Fats
Chemical products 133,8 195,6 68
Products organic and 8,3 10,2 81
Inorganic chemistry
Medical and pharmaceutical 19,5 38,9 50
Products
Plastic and materials for them 13,6 13,5 101
Manufactures
Finished goods 82,2 128,9 64
Paper, cardboard and products from them 19,4 29,5 66
Textile yarn, fabrics and
Finished articles from
Them 9,0 18,5 49
Rezinotehnichesky products 3,5 4,5 78
Ferrous metals 7,3 5,3 138
Nonferrous metals 4,4 7,4 59
Products from nonmetallic minerals 13,0 29,9 43
Products from metals 18,2 21,4 85
Cars and vehicles 455,3 547,2 83
The power equipment for
The industries 108,6 97,4 111
Metalcutting 4,6 1,2 383
The equipment
The industrial equipment
General purpose and spare
Parts 64,6 98,3 66
The office equipment, and also
For processing
Information 65,3 74,0 88
The equipment of communication 93,7 155,4 60
The electrotechnical equipment 48,2 50,5 95
Vehicles 44,8 34,1 131
The consumer goods 120,0 179,4 67
Furniture 8,9 12,5 71
Clothes 12,7 28,7 44
Footwear 2,7 3,3 82
The phototechnical equipment,
The optical goods and
Hours 30,3 46,9 65
Printed matter 36,8 45,7 80
Instrumentations 24,3 35,4 69
The other goods 3,8 2,3 165
Source: "Overseas Trade Statistics of the United Kingdп?m, MM
20 ", 1997 - 1998
Structure of import of the Great Britain from the Russian Federation in 1998
1998 1997 1998 in % by 1997
(Million f. The item)
In total 1465,9 1476,8 99
The foodstuffs and live animals 35,7 37,9 94
Fish and fish products 34,4 37,4 92
Drinks and tobacco products 0,3 0,3 100
Raw materials and half-finished products (except 97,6 183,9 53
Fuel)
Tanning raw materials and furs 0,8 2,9 27
The unmanufactured
The wood goods 37,7 62,7 60
Cellulose and paper for recycling 6,2 8,9 70
Metal ores and scrap metal 50,0 88,8 56
Mineral fuel and lubricant 165,8 215,3 77
Materials
Coal, coke, briquettes 2,7 5,3 51
Oil and mineral oil 163,3 210,0 78
Chemical products 121,5 207,0 59
Products organic and
The inorganic
Chemistry 90,8 153,2 59
Chemical fertilizers 21,3 45,1 47
Finished goods 971,3 778,5 125
Products of the wood industry 14,9 17,0 88
Pulp-and-paper products 18,1 13,5 134
Nonmetallic minerals 460,5 361,7 127
Ferrous metals 41,8 31,2 134
Nonferrous metals 429,3 342,6 125
Cars and transport 50,4 30,7 164
The equipment
Vehicles 0,7 1,1 64
The consumer goods 21,4 22,8 94
The other goods 1,1 0,4 275
Source: "Overseas Trade Statistics of the United Kingdom, MM
20 ", 1997 - 1998
(On materials of the Trade mission of the Russian Federation in the Great Britain).
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//* an information Source: BIKI, 6.07.99
//* Reg. Nom. - 1090700107.14-------------------------------------------
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