Great Britain and Russia (and Sverdlovsk Region in particular) are ready to increase their mutual goods turnover and to expand their multilateral cooperation. This was discussed at the regional First Vice Premier Vladimir Vlasov’s meeting with the Ambassador Extraordinary & Plenipotentiary of the United Kingdom to Russia Tim Barrow today, Sverdlovsk Region’s Press Service Department reports.

The economic cooperation between Sverdlovsk Region and Great Britain has a long history behind it and is now on the rise. The region and Great Britain’s trade turnover came to more than $475m in 2011, which is nearly 3 times more than a year earlier. Nevertheless, there is still great potential for expanding, Vlasov said.

The Ambassador agreed and pointed out that Russian President Vladimir Putin and British Prime Minister David Cameron’s August meeting resulted in the decision to look for new ways in which the two parties’ efforts could be used for developing their trade and economic ties. Vladimir Vlasov feels that Sverdlovsk Region could cooperate with Great Britain in the field of machine-building, chemical and pharmaceutical industries, and exhibitions.