Enter into the Russian market by WTO

May 10, 2012 - PRLog -- On December 16, 2011, the last major economies Russia has formly joined the WTO (World Trade Organization), the Russian market will be more open and have more opportunities and more profits. It is wise to further strengthen Credit card processing gateway the Russian market at this time by merchants. During this process, money Lite-On Technology Services Limited (hereinafter referred to as money Po) in shenzhen will work with web money to provide better payment solution.

Information from the General Administration of Customs shows that China's exports fell 0.5 percent in January 2012 and its imports fell by 15.3%. These two data indicate that the world economy has been restored at the end of 2011, but it did not completely go out of the difficult. Reducing orders from Europe and the United States make the power they feel their own survival increased pressure in the foreign trade business. At this time, choose to open up new markets becomes the first choice of electricity suppliers.As BRIC emerging markets, the five countries have a very broad market demand, of which the highest average personal income of Russia has become an ideal choice.

As a BRIC country, Russia's economy developed rapidly. In April 23, Russian Economic Development Minister of Commerce, Elvira Nabiullina said that the Russian economy in the first quarter of this year has an increase of 4 percent in March and an increase of 3.2%. And the national GDP of this year is expected to reach $ 2 trillion, keeping the world's sixth position. The rapid economic growth is backed by a huge Russian market. With the accession to the WTO, Russia will be based on the accession to the WTO agreement, the overall tariff level will fall down from 10% in 2010 to 7.8 percent and tariffs on industrial products will from 9.5 percent to 7.3 percent. When providing a new opportunity for their own economic development, the Russian market will be more open, then freer electric providers who will be more convenient to enter the Russian market.

To intensify penetration of the huge Russian market with a population of 143 million at the same time, electricity suppliers are not always smooth. The receiving channel sound Payment Gateway is one of the most people denounced. Russia has a local third-party payment company, and these companies dominated the online payment industry in Russia. Russian consumers are more accustomed to using their online payment online payment for the transactions rather than the world's popular paypal and international credit card.

China's foreign trade merchants in order to cater to the payment habits of the Russian people, Russian native third-party payment agencies provide collection services become a necessity. Select collection of Russian local foreign trade receivables, China's electricity providers will have to face the problem of transfers, withdrawals and poor. This makes China's power are in the Russian market expansion process, step by step difficult. Qian Bao works with webmoney and QIWI to put forward the introduction of the foreign trade receivables solutions to cater to the Russian consumer spending habits, which will allow electric providers were able to enjoy one-stop trade receivables experience. Chossing Qian Bao, you wil succeed in the foreign trade market.