The Far East has its own geographical advantages: it has a huge neighbour with a gigantic population – of course, that is China. We have a great number of consumers. Every day we consume an incredible number of products, and it is very important for the Far East to think about how to use this enormous Chinese market, how to target the Chinese market and get the benefits — Zhenwei He, Secretary-General of the China Overseas Development.
Shymkent has a joint venture that has launched a catalytic cracking facility and produces propane propylene fraction. The propylene with a 72% concentration is used for utilities gases – they burn a valuable product on regular stoves. We already have the competence to process these fractions. We can supply the processed product to China while returning a high-quality product to our friends in Kazakhstan. <...> China does not have enough of this resource, but there are other refineries that can process propyl alcohol in five other ways. At the same time, we import this product. Here is the cooperation, which basically will bring added value both to them and to us and will stir mutual interest — Mikhail Sutyaginskiy, Chairman of the Board, Titan.
Despite the crisis, despite the drop in prices [for coal, – Ed.], we chose constructing mines and concentrators. We ended up with high-quality coal, and this quality is stable. Output refining gave us a high-grade concentrate with marginal added value, which allowed us to triple the price of our product and opened up promising export markets in the Asia Pacific, where we are now successfully selling our products — Anna Tsivileva, Chairman of the Board of Directors, Kolmar Group.
In today's global economy, the country's role as a player in the global market is largely determined by its ability to fit into today's global production chains, which have a popular name of global value chains. The APR is one of the largest centres where such chains are formed. Therefore, naturally, the Russian Far East can and should claim a prominent place in the Russian economy and business as a participant of these global chains — Alexander Daniltsev, Director, Institute for Trade Policy, National Research University Higher School of Economics.