Russia is negotiating with China on the establishment of a joint agriculture investment fund

Almaty. November 25. Silkroadnews - Russia is negotiating with China to establish a joint investment fund of agriculture, writes the Russian newspaper "Vedomosti".
"Development Fund of the Far East and Trans-Baikal (DFFE) is negotiating on the establishment of a Russian-Chinese investment fund of agriculture in the amount of $ 2-3 billion from Asia Pacific Food Foundation Limited and the China International Economic Cooperation and Investment Inc, said one of the participants of the transaction. It is planned that DFFE will manage the investment fund, and if it is successful, the investments will grow to $10 billion", - says the publication.
Meanwhile, a representative of DFFE confirmed the talks but declined to comment on them.
Meanwhile, experts note that Russia's trade with China is going through hard times now, and any attempt to raise its exports for others - is a good idea. But the problems  are not associated with the shortage of land, but with shortage of port infrastructure.
The United Grain Company (UGC) hope that the establishment of the fund will attract additional investment in the agro-industrial projects. And to solve the problem of handling, the UGC is considering building a grain terminal in the Far Eastern port of Zarubino. The construction of grain terminals in the region, focused on export to Southeast Asia, has been discussed for several years.