Turkish Foreign Minister Hakan Fidan stated that Ankara and Moscow will continue joint efforts to strengthen bilateral cooperation, emphasizing the deep historical roots of their relations and their importance for international security. Fidan's remarks followed a two-day visit to Russia where he met with President Putin and other high-ranking officials.
The Russia-ASEAN Business Forum has created a significant international platform for discussing trade, economic, and investment cooperation between Russia and ASEAN nations. Representatives from 17 countries attended, with prime ministers from Malaysia, Thailand, and Vietnam highlighting strong interest in expanding collaboration. Several documents were signed, including MOUs and strategic cooperation agreements.
India and the UK will implement their free trade agreement on July 15, enabling tariff reductions and enhanced economic cooperation. The pact, signed last year, is expected to boost bilateral trade by £25.5 billion annually and includes significant tariff cuts on products like whisky, automobiles, and cosmetics.
Russian Prime Minister Mikhail Mishustin stated that Russian businesses are present throughout Uzbekistan, contributing to job creation and increased production of sought-after goods. He highlighted a joint Investment Platform supporting business initiatives, including a pilot project for a soft drink and food product plant.
South Korea and Mongolia held talks in Ulaanbaatar to speed up economic cooperation, focusing on progress for a Comprehensive Economic Partnership Agreement (CEPA) and strengthening supply chains for key minerals. The CEPA aims to expand trade, investment, and establish stable joint supply chains for minerals vital to cutting-edge industries.
A signing ceremony for ten policy measures to promote cross-strait exchange and cooperation was held in Xiamen, Fujian. Mainland enterprises signed agreements with Taiwanese businesses and associations to purchase specialty agricultural and fishery products from Taiwan. The event aims to deepen cross-strait integration and promote national reunification.
A signing ceremony for ten policies promoting cross-Strait economic cooperation was held in Xiamen. Mainland Chinese companies signed agreements to purchase agricultural and fishery products from Taiwan, including custard apples, pomelos, and tea. Officials from both sides emphasized the importance of cross-Strait relations and economic integration.
Korean business leaders, including Ryu Jin of the Korea Economic Confederation, met with Italian counterparts in Rome to discuss strengthening economic ties. They highlighted ideal partnerships in advanced industries like AI and aerospace, building on existing supply chain and defense cooperation. Lee Jae-yong of Samsung also attended, noting collaborations with Ferrari and Stellantis.
Russian Ambassador to Tokyo Nikolay Nozdrev stated Russia's openness to a dialogue with Japan based on mutual respect, aiming to strengthen economic, cultural, and humanitarian ties. He noted that despite deteriorating relations due to Japan's sanctions, protecting Russian compatriots in Japan remains a priority.
Russia expects a 60% increase in mutual tourist flow with China in 2026, reaching 4-4.5 million trips, driven by increased flights and competitive pricing.
EU trade chief Maros Sefcovic met China's Li Chenggang in Paris, calling for practical approaches and 'meaningful discussion' to address trade concerns like non-market practices and overcapacity.
Perm Krai and Uralchem signed a memorandum on socio-economic cooperation at the St. Petersburg International Economic Forum. The agreement focuses on social development, environmental protection, and economic growth, including infrastructure upgrades and support for human capital.
India and Venezuela are expanding cooperation, especially in energy, with Venezuela becoming India's third-largest crude oil supplier. Discussions aim for a structured energy partnership, covering upstream and downstream sectors, leveraging Venezuela's vast oil reserves and India's growing demand.
Saudi Arabia's Deputy Minister of Investment highlighted the strong economic ties with Russia at the St. Petersburg International Economic Forum, emphasizing shared industrial and technological priorities and mutual investment opportunities.
Russia is interested in economic cooperation with Tanzania, focusing on its strategic port of Dar es Salaam and digitalization opportunities. The visit of Tanzanian President Samia Suluhu Hassan to Russia highlights the potential for increased bilateral trade.
A Russian official highlighted cultural differences as the main challenge in Arab-Russian economic cooperation, emphasizing the Arab preference for trust-building over direct contracts. Russia is seen as a strategic gateway to the Eurasian Economic Union for Arab investors, while the Arab free trade agreement offers Russian businesses market access.
The OECD has raised South Korea's 2026 economic growth forecast to 2.6% from 1.7%, driven by robust chip exports amid the AI boom. May exports hit a record $87.8 billion, with chip exports soaring 169.4%.
Pan Qiao, Chairman of Sino-Thai Jiye Investment Group, emphasizes the crucial role of young overseas Chinese merchants in fostering cultural exchange and economic cooperation within the Belt and Road Initiative. He highlights their unique advantages in navigating global markets and promoting mutual understanding and win-win development.
Hong Kong leader John Lee met with Kazakh President Tokayev and Deputy PM Zhumangarin to boost economic ties. Lee encouraged Kazakh businesses to leverage Hong Kong's financial hub status for access to mainland China and Asian markets.
South Korea's Industry Minister Kim Jung-kwan met with Oman's OPAZ Chairman Qais bin Mohammed Al Yousef to discuss expanding economic cooperation, focusing on resources and logistics. Oman pledged oil and naphtha supplies amid the Middle East crisis.
Russia has finalized the ratification of the economic partnership agreement between the Eurasian Economic Union (EAEU) and the United Arab Emirates (UAE). Signed in June 2025, the deal establishes a preferential trade regime for over 85% of goods and fosters cooperation in areas like customs, e-commerce, and transport.
Russia has completed the ratification of the free trade agreement between the Eurasian Economic Union (EAEU) and Indonesia. Signed in December 2025, the agreement aims to establish preferential trade for about 90% of goods and foster cooperation in various sectors.
China and Serbia signed over 20 deals covering politics, trade, tech, education, cultural exchanges, and AI. Presidents Xi Jinping and Aleksandar Vucic pledged to strengthen their "ironclad friendship" and cooperation in international affairs.
Russian President Vladimir Putin stated during Russia-China talks that Russia remains a reliable resource supplier and China a responsible consumer amid the Middle East crisis. He highlighted energy cooperation as a driver for economic ties, with joint projects in industry, agriculture, transport, and technology.
