Russian President Vladimir Putin vowed to double Russia’s trade with Africa in the next five years, speaking at the opening ceremony of the Russia-Africa summit. Putin said Russia was currently one of the ten largest food suppliers to Africa, noting that the volume of agricultural trade was already at a higher level than export of arms.
“Export of weapons stands at $15 billion, and agricultural products have already reached that mark, in my opinion, of $25 billion. Russian companies have long and successfully worked with partners from various sectors of the African economy and were determined to increase the trade. “
The steady development of African countries in the last few years, together with growing populations and income levels are all factors helping to boost agricultural production. However, a deficit of modern technology, lack of land suitable for farming, and a shortage of qualified personnel mean that the needs of the African market have not been fully met.
Moderator: Albert Davleev — President, Agrifood Strategies
Panelists:
Front row participants:
The accelerated development of both Russia’s and Africa’s economic potential is inextricably linked to scientific output and the improvement of general education and professional training. The 21st century has heralded the rise of the knowledge economy. Scientific research and development results in new products and industries, and is able to make a vital contribution to tackling current social and economic challenges facing our countries. The Soviet Union made an invaluable contribution to developing the scientific and educational potential of a number of African countries.
Moderator: Irina Abramova — Director, Institute for African Studies of the Russian Academy of Sciences; Corresponding Member, Russian Academy of Sciences
Panellists:
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Source: PAEPARD FEED
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