Far East largest crab harvester to boost business in China
The largest crab harvester of the Russian Far East — the Russian Crab Company (RCC) has joined the Russia-China Business Council to better develop the big potential of the Chinese crab market, reports Megafishnet.com.
It is hoped that the membership will help create new logistic chains and centers in order to expand the geography of crab consumption in China. Besides, the Russian Crab Company plans to represent the interests of the Russian crab industry as a member of the RCBC.
The authority of the Russian-China Business Council and the provided support will contribute to the promotion of Russian crab products on the China market and will help find correct solutions for international trade problems", — said Alexander Sapozhnikov, RCC General Director quoted by the respective press-release.
According to RCC, it holds the leading position among Russian suppliers of live crab to China. By the end of 2020, its share in the total Russian export of live crab to China reached 22%. Despite the impact of the pandemic restrictions, the company managed to increase the amount of supplies up to 3.1 thousand tons to double the result of 2019. It exports live and cooked-frozen crab to China, South Korea, Japan and the USA.
The company’s fleet consist of 19 vessels with the annual quota for 2021 amounting to 12.86 thousand tons in northwestern subzones of the Pacific Ocean. The figure represents 19% of the total crab quotas in the Russian Far East.
$ 8.9 billion under RCBC
The Russian-China Business Council (RCBC) was established in 2004 as part of Official visit of Russian President Vladimir Putin to China. The purpose of the Business Council is to promote joint economic projects of both countries, as well as to promote cooperation between business groups. Business Council operates under the guidance of the Russian Chamber of Commerce and Industry. A number of large-scale economic projects have been successfully implemented, including the following: construction of a natural gas liquefaction plant — the Yamal LNG project in the Yamal-Nenets Autonomous District (Russia); construction of a cross-border railway bridge over the Amur River (Nizhneleninskoe — Tongjiang), etc. RCBC has established working interaction with leading industry associations and business associations of China — the Federation of Mechanical Engineering, the Association for Investing in Foreign Countries, the Association of Agricultural Enterprises, the Association of Construction Contractors and others. Currently, 28 large projects are being implemented in 19 regions of Russia and China with the support of the Council, for an amount of . The Council’s members are the largest companies in Russia and China.