A Procurement Seminar for Singapore entrepreneurs was held at the Centre for Overseas promotion
On June 19, 2019 a seminar dedicated to participation of foreign companies in Russian governmental procurement took place in the Centre for Overseas Promotion of Russian High-Tech Companies and the Presentation of investment projects. The seminar was held by Tatiana Gololobova, Procurement director of the State Corporation Rostec. This was the second seminar within educational programme provided by the Russia-Singapore Business Council within the business mission held in Singapore. The first seminar was organized on June 18 for the specialists from Rostec holdings and provided for them an opportunity to study the Singapore experience in the field of procurement.
Besides Tatiana Gololobova, to the audience spoke Nikolay Volobuev, Deputy CEO, State Corporation Rostec & Chairman, Russia-Singapore Business Council, Sergey Pronin, Deputy Chairman – Executive Director, Russia-Singapore Business Council, and Kirill Solntsev, Head, International Business and Marketing, executive structure of the Russia-Singapore Business Council. They touched upon issues related to the procurement practices of Russian state-owned companies and large private corporations, government regulation and antimonopoly policy, the system of control and monitoring of suppliers in enterprises, measures to maintain an effective subcontract, etc. Special attention was paid to legal issues – due diligence and compliance, which were described by the President of the Russian National Compliance Accociation, member of the Committee of the Chamber of Commerce and Industry of the Russian Federation, member of the Expert Council of the State Duma Committee on Security and Anti-Corruption Vladimir Balakin.
More than 20 Singaporean entrepreneurs interested in participating in Russian government procurement took part in the seminar. They noted the high level of organization of the event and the real benefits from the content of the seminar and personal acquaintance with Russian experts of such a high level.
The seminar and similar events organized and held by the Russia-Singapore Business Council with the support of еру State Corporation Rostec and other Council members, help to improve mutual understanding and intensify interaction between representatives of expert communities and business circles of Russia and Singapore, which is important when building a long-term and promising cooperation. These aspects are of particular relevance in the light of the forthcoming conclusion of an FTA between the EAEU and Singapore.