MOSCOW, February 7 Russian exporters who want to develop the markets of Southeast Asia should try to use their chance during the period of economic growth in the region, experts in the field said exports from Indonesia and the Philippines on the sidelines of the Prodexpo exhibition in Moscow.
«»Our countries — both the Philippines and Indonesia — are experiencing rapid development. Given the size of the population, the increase in the middle class to 20 percent, as well as urbanization, many world agencies predict Indonesia to become a leading economy by 2050. Enter developed markets «It's difficult, the entry barrier is high, but now, during a period of economic growth, the right moment has appeared. It is important for Russian companies developing exports not to miss their chance,» said Lubarto Sartoyo, co-founder of Maju Indonesia Rusia.
The founder of the B2B Vostok Group company, Amerigo Tatel, also emphasized the prospects of the Philippine market for Russian exporters, noting that Russian sweets may be in great demand.
“»The Philippines is a growing market of 115 million people, the average age is 24 years. The attractive thing is that there is no communication barrier in the Philippines — most of the population speaks English, all documents can be completed in English,» — Tatel added.