Russia Will Implement Export Ban On Leather Products

From October 1st, Russia will impose export ban on semi finished products of leather products and leather goods in half a year, which will affect the total value of US $100 million sold to Italy and a series of EU countries.

Belarus and Kazakhstan were also advised to implement similar export prohibitions.

Italy producers are the first to suffer export ban restrictions.

According to data provided by Russian customs, Italy became a major importer of semi finished goods in Russia last year (valued at US $70 million), and a small number of orders were exported to Spain, Poland, Turkey and Hongkong.

At the same time, Russia's imports of semi-finished products are not more than 1 million dollars.

The Russian Ministry of Commerce and industry in the interpretation of the provisions of the domestic market on the shortage of semi-finished goods, said nearly 1/3 of the products used for export sales.

The increase is due to the lower price of Russian raw materials than the global market 20-25%.

Two way sanctions also affect the lives of the Russian people even if they destroy their wealth.

Russia will stop buying foreign light industrial products from September 1st, including foreign shoes with federal demand.

Reduction of imports depends on domestic products.

Therefore, the consumption of domestic leather goods will increase.

At present, Russia is right.

The demand for raw materials is 150 thousand tons per year.

Russian Prime Minister Medvedev said in mid July that government procurement was best for domestic producers.

He pointed out at a meeting of the Russian government's Deputy Prime Minister: "our government procurement is huge, huge budget allocation is used to purchase goods and services, and, of course, out of common sense, they have better come from domestic enterprises."

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The agreement was signed in September 2012.

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The agreement provides clear rules governing the investment relationship, including dispute resolution and prevention of discrimination and arbitrary practices, and the establishment of a safe and predictable environment.

Mr Faust said: "investment agreements provide Canadian investors with protection and confidence in overseas expansion, development and success.

We remain committed to developing new markets in all parts of the world, including the rapidly developing Asia Pacific region.

The agreement on the promotion and protection of foreign investment in Canada will create employment and economic opportunities for Canadians across the country.

The agreement on the promotion and protection of foreign investment in China is incorporated into corporate social responsibility.

Canada and China have launched more extensive cooperation in corporate social responsibility and sustainable development.

In from November 12th to 14th, the Canadian mining, metallurgy and Petroleum Association will jointly host the China International Nickel Cobalt forum with the China Nonferrous Metals Industry Association in Shenzhen.