Russian Federation looks at possibility of exporting metalworking products to the Philippines

This topic was discussed at the talks of the Russian Trade Mission in the Philippines with representatives of the Federation of Metalworkers of the country and companies that buy rolled metal products. This is announced in the account of the Russian representation in the Philippine Islands, as reported by TASS.

"The Russian Trade Representation in the Philippines together with the Embassy took part in the opening ceremony of the main industry exhibition in the field of metalworking Philippine Die & Mould Machines and Equipement Exhibition. Within the framework of the event, negotiations were held with the leadership of the Federation of Metalworkers of the Philippines, as well as local companies - importers of metal products," said representatives of the department.

Nowadays metals are the main component of the Russian-Philippine trade turnover, the Filipinos show great interest in strengthening and expanding cooperation.

The Philippines imports almost $5.5 billion worth of metal products every year, and the demand for imports is only growing. The main suppliers have traditionally been neighbouring countries, including China.

The Philippine authorities understand the impact on the country's industry of not having its own steel production, including hot-rolled coil, hot-rolled plate, and cold-rolled coil.

This is why Manila is looking to expand cooperation with Moscow in this area. The Philippine Chamber of Mines, in particular, is open to contacts with Russian representatives of the metalworking industry, for example, in the processing of nickel ore.