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Phillipine President looks to increase trade with Russia

Filipino President Rodrigo Duterte aims to get out of US custody and is trying hard to reinforce economic ties with China and Russia.

The country is looking for new markets and wants to export its goods to Russia, in particular, bananas, pears, mangoes, sugar and coconuts. For the moment Russia's share in the Filipino import makes up only 1.5%, while that of China - 15.2%.

The Philippines have scheduled the main coordinates of development of relations with Russia and are actively discussing cooperation issues with Moscow, within agriculture and energy. Duterte plans to discuss the matter during his visit to Moscow, which is to take place within the first half of 2017. While the first plenary session of the joint Russia-Philippines commission on trade and economic cooperation will happen in early May.

source: pravdareport.com
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