Russian-German industrial cooperation was discussed in the Ministry of Industry and Trade of Russia
Joint projects with Germany are developing in almost all industries, said Minister of Industry and Trade of the Russian Federation Denis Manturov during a meeting with the President of the Mechanical Engineering Industry Association (VDMA) Carl Martin Welcker.
The Ministry of Industry and Trade of Russia believes that mutual trade with the Federal Republic of Germany moves in the right direction. Investment cooperation is developing as well.
“We have many areas of investment cooperation, where German engineering enterprises are involved. I expect that VDMA will also participate in the implementation of projects that would be beneficial both for Russian and German business,” said Denis Manturov.
Mechanical engineering is a key industry that forms a constant demand for innovation and creates job opportunities. Activity of German entrepreneurs and their plans to expand production in Russia are welcomed.