Russia and South Korea expand cooperation in the field of wooden housing construction

Russia and South Korea expand cooperation in the field of wooden housing construction

At the WCTE-2018, companies from Russia discussed the development details of relations with local business and associations

The Korean Association of Wooden House Building (CADD), which includes more than 150 participating companies, proposed to conclude an agreement between the two countries on the specification of wooden house construction products. This measure will allow Russian producers to export goods without additional checks for compliance with the requirements and regulations of the Republic of Korea. The CAJD also initiated the signing of an agreement on duty-free trade with Russia in the timber industry.

Another topic for discussion was the exchange of experience in the design of timber structures. South Korea is especially interested in cooperation with Russian specialists after the republic has tightened requirements for earthquake resistance of buildings after a strong earthquake in 2017.

“The states of the Asia-Pacific region, including the Republic of Korea, are one of the most dynamically developing areas of world exports of timber products, including in the sphere of wooden housing construction. In these countries, there is a significant increase in demand for modern housing from wood, which requires the development of new technologies for building and improving materials, “said Victor Yevtukhov, State Secretary – Deputy Minister of Industry and Trade of the Russian Federation. “Russia is ready to offer modern and competitive world-class products to foreign partners, as well as exchange experience in construction of wood for further development of this direction”.

General issues of Russian-Korean cooperation were discussed by representatives of the Ministry of Industry and Trade of Russia and the Korean International Trade Association (KITA), which unites more than 70,000 trading companies. The main direction of development of bilateral relations in the sphere of the timber industry is the increase in the volumes of deliveries of products of deep processing of wood: wall panels and plywood, planed moldings, fuel pellets.

In addition, during the on-site meetings at the largest enterprises of the republic, the Russian delegation studied in detail the peculiarities of the Korean market: product certification issues, projected consumption volumes, import duties and their impact on the final cost of exports.