L. Fituni, I. Abramova Resource Potential of Africa and Russia's ...
L. Fituni, I. Abramova Resource Potential of Africa and Russia's ... L. Fituni, I. Abramova Resource Potential of Africa and Russia's ...
There was a good demand in Egypt for VAZ cars, Ural and KAMAZ trucks, road construction machines and Ural motorcycles. In 1999 Russia supplied machines and equipment to Egypt in the amount of $150 million. Russia’s share in the supplies of semi-finished goods of iron and steel to Egypt is 55%, in plywood supply 43%, in newsprint 56%, in timber 20% and in polymers 15% 20 . The Egyptian government considered the size of Egyptian exports to Russia impermissibly low. Egypt’s share in the total import to Russia is just 0.05%. 21 The structure of Russian imports from Egypt is relatively diversified (as compared to other African countries). But on the whole, first of all, Russian companies import Egyptian consumer goods and foodstuffs. Oranges account for 20% of this import. Russian shops are full of Egyptian rice, onions, garlic, spaghetti, prepared soups and broths, karkade tea, razor blades, perfumery, cosmetics, furniture, clothes and knitted garments. So called Egyptian Weeks are held regularly in Moscow and other major cities of the Russian Federation. The activity is a fairlike event with the participation of major Egyptian exporters, quite often those, who earlier had never entered the Russian market. Egyptian weeks became the gateway for stable deliveries for such (now established Egyptian trade partners) as Bella Donna (knitted garments), Nounou Bros (cotton cloths and garments) and Nefertiti Cosmetics (creams, shampoos, lotions). They began their successful work in the Russian market with the contracts signed at those fairs. The Egyptian Federation of Industries works to promote the sales of fruit juices, tomatoes, dry and fresh fruits, flowers, car tires, cigarettes, cotton and leather articles, yarn and quilts to Russia. A quite promising field of trade is the supply of Egyptian medicines: in the last 15 years Egypt achieved major successes in pharmaceutical industry. It manufactures 90% of the main medicines applied in all branches of health care. Annual purchases of foreign medicines by Russia amounted to 1.6 billion rubles, of which Egypt accounted for just 0.5 million (0.03%). In addition, Russia can import chilled vegetables, which are much cheaper in Egypt than in Europe. Russia imported this mer- 165
chandise for the sum of 145 million rubles, including 37 million (25%) from Egypt 22 . Notably, almost all Egyptian goods are supplied to Russia by private companies, quite interested in expanding the cooperation with their Russian partners. In 1997, an Egyptian-Russian joint venture was founded to export Egyptian agricultural products to Russia with an authorized capital of $100 million, of which 60% was invested by the Egyptian party. 23 The Egyptian guarantor of the company was the Bank for Export Development. In 1998, four Russian-Egyptian private companies were founded in Moscow to export and import various goods and services, from supplying Egyptian oranges to Russia to transferring modern Russian technologies in light and food processing industries to Egypt. 24 Russia was and is a promising market for Egyptian goods. Russian private companies may get a fair return by creating joint ventures for manufacturing the following goods to be imported to Russia: medicines; light industry products, especially cotton articles, whose quality on average is much higher than those of China or Turkey; food products, including chilled vegetables and fruits, which are much cheaper than in Europe; household chemicals. In turn, Egypt can make a good use of Russian equipment and advanced technologies. The most promising items are cars, trucks, equipment for chemical and gas industry, metal-working machines, agricultural equipment and planes. The activation of the Russian- Egyptian trade heavily depends on the normal functioning of the port in Novorossiysk and cooperation in the transportation and customs clearance. The creation of joint ventures and realization of investment projects are important spheres of the cooperation between Russian and Egyptian businessmen. In the future, they may become the main fields of cooperation. Since 1958, Russia has built 97 industrial, power and agricultural projects, including the Aswan High Dam, Helwan metallurgical plant and Nag-Hammadi aluminum plant, which play an important role in the Egyptian economy. 166
- Page 116 and 117: licenses. They are the only Russian
- Page 118 and 119: that the main aims were inter-alia
- Page 120 and 121: Agency to develop plans for up to 4
- Page 122 and 123: pit nickel mine and the Selkirk und
- Page 124 and 125: deposit also contains a Peridotite-
- Page 126 and 127: and Eastern parts of the EPL 3850 p
- Page 128 and 129: Russian economy and the specifics o
- Page 130 and 131: 34 . 2009. C. 366- 368. 35 John St
- Page 132 and 133: CHAPTER 3 Project RUSSAFRICA: Towar
- Page 134 and 135: copra, spices, other products of tr
- Page 136 and 137: This theoretic and scientific aura
- Page 138 and 139: and technical cooperation with Afri
- Page 140 and 141: higher and specialized secondary ed
- Page 142 and 143: used and repaid part of the credit.
- Page 144 and 145: exploitation of projects. Soviet ex
- Page 146 and 147: At the same time we recognize that
- Page 148 and 149: For the Soviet Union, solidarity wi
- Page 150 and 151: disappeared together with their ass
- Page 152 and 153: cial Representative of the Presiden
- Page 154 and 155: countries and minimize the adverse
- Page 156 and 157: The principled line in support of A
- Page 158 and 159: Exports of Russian raw materials to
- Page 160 and 161: of Su-30MKA fighters. At the same t
- Page 162 and 163: etc. He also remarked that since th
- Page 164 and 165: However, there are harbingers of a
- Page 168 and 169: Another promising sphere for Russia
- Page 170 and 171: Lada users in Egypt. In 2010, a new
- Page 172 and 173: All these companies have permanent
- Page 174 and 175: ment of the Russian Federation 105
- Page 176 and 177: As of mid 2010, other areas of econ
- Page 178 and 179: cooperation and hydrocarbon product
- Page 180 and 181: tion." The participants in the Raba
- Page 182 and 183: 2009 consisted of such traditional
- Page 184 and 185: From October 21-23, 2010, the Fourt
- Page 186 and 187: (May 2009), and Ugandan President Y
- Page 188 and 189: Russia provided humanitarian aid to
- Page 190 and 191: Nigeria’s Share in Russia’s Imp
- Page 192 and 193: supplies only it is either a blatan
- Page 194 and 195: On the initiative of the Ethiopian
- Page 196 and 197: - Automotive and components - Capit
- Page 198 and 199: led by the two Chambers and attende
- Page 200 and 201: coal mixture of a new generation. T
- Page 202 and 203: cial architecture and food safety a
- Page 204 and 205: The talks in Luanda led the two cou
- Page 206 and 207: 9 Annual Report of Alexander Saltan
- Page 208 and 209: CONCLUSIONS THE RESULTS OF THE UNDE
- Page 210 and 211: interpretations is the intensifying
- Page 212: Leonid FITUNI and Irina ABRAMOVA RE
There was a good dem<strong>and</strong> in Egypt for VAZ cars, Ural <strong>and</strong><br />
KAMAZ trucks, road construction machines <strong>and</strong> Ural motorcycles.<br />
In 1999 Russia supplied machines <strong>and</strong> equipment to Egypt in the<br />
amount <strong>of</strong> $150 million.<br />
Russia’s share in the supplies <strong>of</strong> semi-finished goods <strong>of</strong> iron <strong>and</strong><br />
steel to Egypt is 55%, in plywood supply 43%, in newsprint 56%, in<br />
timber 20% <strong>and</strong> in polymers 15% 20 .<br />
The Egyptian government considered the size <strong>of</strong> Egyptian exports<br />
to Russia impermissibly low. Egypt’s share in the total import<br />
to Russia is just 0.05%. 21 The structure <strong>of</strong> Russian imports from<br />
Egypt is relatively diversified (as compared to other <strong>Africa</strong>n countries).<br />
But on the whole, first <strong>of</strong> all, Russian companies import<br />
Egyptian consumer goods <strong>and</strong> foodstuffs. Oranges account for 20%<br />
<strong>of</strong> this import. Russian shops are full <strong>of</strong> Egyptian rice, onions, garlic,<br />
spaghetti, prepared soups <strong>and</strong> broths, karkade tea, razor blades,<br />
perfumery, cosmetics, furniture, clothes <strong>and</strong> knitted garments.<br />
So called Egyptian Weeks are held regularly in Moscow <strong>and</strong><br />
other major cities <strong>of</strong> the Russian Federation. The activity is a fairlike<br />
event with the participation <strong>of</strong> major Egyptian exporters, quite<br />
<strong>of</strong>ten those, who earlier had never entered the Russian market.<br />
Egyptian weeks became the gateway for stable deliveries for such<br />
(now established Egyptian trade partners) as Bella Donna (knitted<br />
garments), Nounou Bros (cotton cloths <strong>and</strong> garments) <strong>and</strong> Nefertiti<br />
Cosmetics (creams, shampoos, lotions). They began their successful<br />
work in the Russian market with the contracts signed at those fairs.<br />
The Egyptian Federation <strong>of</strong> Industries works to promote the<br />
sales <strong>of</strong> fruit juices, tomatoes, dry <strong>and</strong> fresh fruits, flowers, car tires,<br />
cigarettes, cotton <strong>and</strong> leather articles, yarn <strong>and</strong> quilts to Russia. A<br />
quite promising field <strong>of</strong> trade is the supply <strong>of</strong> Egyptian medicines:<br />
in the last 15 years Egypt achieved major successes in pharmaceutical<br />
industry. It manufactures 90% <strong>of</strong> the main medicines applied in<br />
all branches <strong>of</strong> health care. Annual purchases <strong>of</strong> foreign medicines<br />
by Russia amounted to 1.6 billion rubles, <strong>of</strong> which Egypt accounted<br />
for just 0.5 million (0.03%).<br />
In addition, Russia can import chilled vegetables, which are<br />
much cheaper in Egypt than in Europe. Russia imported this mer-<br />
165