Minister for Economy, Edwina Hart is leading a Welsh Government trade mission to Russia this weekend to promote increased trade and investment between the two countries.
The Minister will join Welsh companies from the food and drink sector, the advanced materials and manufacturing sector and the creative industries sector that arrived in Moscow earlier this week.
“The mission is designed to boost Russian investment in Wales and to promote Welsh businesses across Eastern Europe,” said Mrs Hart.
“Russia is an important market for Wales. It is the world’s ninth largest economy and there is clear potential to do more business there.
“I look forward to meeting with Russian officials and business representatives to discuss opportunities for further trade and investment.”
“I am looking to develop long term sustainable links with Russia and already the Welsh Government is planning to bring a further trade mission out to the market in February 2014.”
One Welsh business visiting Russia this week is Ammanford-based luxury socks and knitwear manufacturer, Corgi Hosiery.
Chris Jones, Corgi’s managing director said: “The Corgi brand has a huge following in both the United States and Japan, and we are currently working on developing our sales network in Korea; however, cracking major developing European markets is a key aim for us this year. Russian consumers are increasingly prosperous and value high-quality brands.”
The trade mission will include a business reception at the British Ambassador’s Residence in Moscow where Welsh food and drink and engineering excellence will be showcased to Russian officials and investors. Guests at the reception will also hear some distinctly Welsh harp music, played by Hannah Stone, harpist to HRH the Prince of Wales.
There are six businesses visiting Russia this week as part of the Welsh Government led trade mission, and a further 10 Welsh food and drink companies showcasing their products at the business reception.
On Saturday the Minister will watch the Welsh sevens rugby team play Fiji in the Rugby World Cup Sevens 2013 in Moscow.
For more information about the Welsh Government trade missions visit www.walesworldwide.org/calendar.