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REC takes part in Global Fishery Forum

19 September 2017

The Global Fishery Forum and Exhibition for Fishery, Seafood and Knowhow is a major industry event in Russia, bringing together industry leaders, government officials and the general public.

Speaking at the forum’s plenary session, the REC managing director for external relations and communications, Vera Podguzova, pointed out that the primary objective for the industry is to shift from exporting frozen fish, i.e. unprocessed products, to exporting fully processed products.

To develop such exports, Vera Podguzova said, it is important to cooperate with other countries and create new production facilities together with international investors. Russian companies should take a closer look at countries with experience in fish processing. Certain countries, e.g., the Republic of Korea, have expressed their interest in setting up fish processing facilities in Russia.

The priority development areas (PDAs) and fishing quotas for investors are among other effective tools offered by the government. For example, the Nikolayevsk PDA in the Khabarovsk Region specializes in seafood processing, along with ship repairs. The PDA has nine potential residents ready to invest a total of 3.18 billion rubles. This will create over 2,400 jobs.
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