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  Monday, August 26, 2019
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Canada intends to double the volume of trade with Russia in the next three years
Canada intends to double the volume of trade with Russia in the next three years, Canadian Minister of International Trade James Scott Peterson told Itar-Tass on Wednesday. He said the country's volume of trade with Russia has grown to 1.8 billion US dollars last year. Peterson stressed Canada would like to double this indicator in the next three years. According to him, the country seeks to develop joint projects with Russian natural resource extracting companies. In the view of Peterson, the transparency of the Russian legal system would considerably help in this sphere. In this connection the Canadian minister mentioned the situation with the Aerostar Hotel, which was controlled with participation of Canadian managers. They invested considerable funds in the modernisation of the hotel. A successful solution of the emerged problems will ease tension among the investors and promote the expansion of bilateral trade, believes Peterson. Accoridng to the minister, after Canadian Prime Minister Paul Martin's visit to Russia in 2004 cooperation between Russia and Canada reached a turning point. The talks initiated a promising project on liquefying natural gas and its supplies to Canada, Peterson said. This plan is estimated at 1.5 billion dollars and the Canadian side is interested in its implementation, the minister added
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