After two symbolic African leaders' summits, Russia's trading is steadily increasing but significantly in exports of military weapons and equipment.
Russian Foreign Minister Sergey Lavrov during a meeting with permanent representatives of the member countries of the Africa n Union
Mikheev, speaking on the sidelines of the Egypt International Airshow, further said his agency was working on several industrial cooperation projects with African countries, focusing on the licensed production of small arms, ammunition, armoured vehicles, and fast combat boats. Business& Financial Times also reported that Putin had promised to double trade with African states within five years as he sought to win new friends with offers of nuclear power plants and fighter jets. Moscow remains the biggest exporter of arms to Africa.
African exporters are not trading in Russia's market due to multiple reasons including inadequate knowledge of trade procedures, rules and regulations as well as the existing market conditions. Until now, African entrepreneurs have struggled pathways to explore Russia's market as trade preferences also mentioned several times failed to be implemented.
Reports further showed that Russia has started, after the second summit in July 2023, strengthening its economic cooperation by opening trade missions with the responsibility of providing sustainable business services and plans to facilitate import-export trade in some African countries. Many Russian and African analysts and policy observers believe that a public-private partnership strategy in promoting trade will help significantly to polish part of the soft power image both in Russia and Africa.
Most of the experts interviewed for this story expressed skepticism and wondered if Russian authorities were seriously prepared to open the market for Africa, while others suggested, that with the context of current global competition, Russian authorities have to provide trade incentives.
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