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Nike, Adidas, Uniqlo Want to Produce Goods in Russia - Deputy Trade Minister

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ST. PETERSBURG (Sputnik) - International companies like Nike, Adidas and Uniqlo want to produce their goods in Russia, Deputy Minister of Industry and Trade... 07.06.2019, Sputnik International

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Nike, Adidas, Uniqlo Want to Produce Goods in Russia - Deputy Trade Minister

07:26 GMT 07.06.2019 (Updated: 08:05 GMT 07.06.2019)

© AP Photo / Elise AmendolaIn this Feb. 7, 2019, photo, Los Angeles Lakers forward Kyle Kuzma walks on the court during an NBA basketball game against the Boston Celtics in Boston. He is wearing Nike's latest performance basketball shoes, which from concept to reality, took about three years to put together. Or 30 years, depending on how you count. The Nike Adapt BB _ a self-lacing smart shoe that can be controlled by a smartphone _ gets released to the public on Sunday, Feb. 17, 2019, a date that just happens to coincide with the NBA All-Star Game in Charlotte. It has a motor embedded within the shoe, and a hefty $350 price tag.

In this Feb. 7, 2019, photo, Los Angeles Lakers forward Kyle Kuzma walks on the court during an NBA basketball game against the Boston Celtics in Boston. He is wearing Nike's latest performance basketball shoes, which from concept to reality, took about three years to put together. Or 30 years, depending on how you count. The Nike Adapt BB _ a self-lacing smart shoe that can be controlled by a smartphone _ gets released to the public on Sunday, Feb. 17, 2019, a date that just happens to coincide with the NBA All-Star Game in Charlotte. It has a motor embedded within the shoe, and a hefty $350 price tag. - Sputnik International

ST. PETERSBURG (Sputnik) - International companies like Nike, Adidas and Uniqlo want to produce their goods in Russia, Deputy Minister of Industry and Trade Viktor Yevtukhov told Sputnik on Friday on the sidelines of the St. Petersburg International Economic Forum (SPIEF).

"As far as I know, sportswear brands like Nike and Adidas, as well as the Japanese brand Uniqlo want to locate [their production in Russia]", he said.

Today the price-quality ratio of textile products in Russia is optimal, according to the minister. In addition, many global companies may want to locate their production in Russia since it is beneficial from a logistical point of view, Yevtukhov noted.

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SPIEF is an annual business event that has been held in the Russian city of St. Petersburg since 1997. It started on Thursday and is due to last three days. This year's forum is taking place at the ExpoForum Convention and Exhibition Centre.

Rossiya Segodnya International Information Agency is an official media partner of the forum.