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Home International Customs

Russia agrees to allow N. Korean fruits, vegetable imports

byCustoms Today Report
04/05/2015
in International Customs
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MOSCOW: Russian Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) has approved the regulation that will allow the import of North Korean fruits and vegetables to Russia, said the head of the Department for the Development of the Far East, Alexander Galushka.
“We agreed to arrange the mutual recognition of certificates for the delivery of fruits and vegetables, vegetable products and seafood from North Korea to Russia and from Russia to North Korea,” he said.
Galushka held talks with the Minister of Foreign Economic Relations of Pyongyang, Li Ren Nam. “This is an important step, which will allow us to increase the volume of trade between our two countries,” stated the Russian representative.
In early March, Russia and North Korea announced 2015 as the year of “bilateral friendship”, to be celebrated with political, economic and cultural exchanges. It is a sign of the close relationship that has developed between the leaders of the two nations, which are currently subject to international sanctions.
For Moscow, the benefits are mostly economic. Last year, the Kremlin wrote off $ 10 billion of a total 11 billion Korean debt and announced that the remaining 1 billion would be invested back into the country.
Russian investors have agreed to pump $ 25 billion into the country’s railway system, as well as other infrastructure projects. Private Russian companies will also deal with the reconstruction of the electric grid of North Korea.

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