International Conference “Russia – Singapore: new business opportunities”

In Moscow measures to support Russian exports, the prospects for increasing external turnover with the countries of Southeast Asia discussed , as well as the electronic trading platform for export-import operations between the countries of ASEAN and the EAEU was presented.

On March 31, 2016, the World Trade Center on Krasnaya Presnya hosted an international conference “Russia-Singapore: new business opportunities”. It was organized by the Russia-Singapore Business Council, the Russian Export Center and representation of “Sportmaster” in Singapore. Conference Partners: KPMG company, OCBC Bank. The conference was attended by over 150 delegates from Russia, Singapore and the EAEU countries, including representatives of government and business circles and mass media.

During the discussion a questions about the prospects of inclusion of Singapore into a free trade zone with the countries of the EAEU countries was raized, the expansion of Russian-Singapore external turnover and the qualitative transformation of its structure, changes of mechanism of mutual payments and mutual investment climate, as well as tax issues, new banking and insurance services, and other. Among other things, opportunities that can provide Russian and Singaporean institutions for exports and imports support and analyzed examples of successful economic cooperation, including in high-tech industries were presented. Particular attention was paid to the issue of prospects of Singapore to become the basic platform for the entry of Russian companies to the markets of Southeast Asia. In addition, the Russia-Singapore Business Council planned to introduce an electronic trading platform, the development of which is currently being finalized, designed to expand the opportunities for export-import operations between enterprises countries EAEU and ASEAN. Undoubtedly, one of the most important features that were represented by the conference is an informal communication between participants. Expansion of the circle of contacts allowed to establish new and enhance existing contacts.

About the organizers:
The Russia-Singapore Business Council (www.rsbctrade.com) was created in 2009 by the Ministry of Economic Development of the Russian Federation, Chamber of Commerce and Industry of the Russian Federation and the State Corporation Rostec. The mission of the Council is to promote the deepening of bilateral business and cultural cooperation between the Russian Federation and the Republic of Singapore. The Management Company of the Council – LLC “RSBC” has trade houses in Russia and Singapore. Provides assistance in promotion of Russian non-resource exports of civilian products to ASEAN countries via Singapore.

The Russian Export Center (www.exportcenter.ru) – the state institution of export support created in Vnesheconombank structure, with the support Government of the Russian Government. The Center provides Russian exporters financial and non-financial support to the “one stop” mode – here entrepreneurs can receive a full range of services from conducting primary consultations to the help in the design of export bargains. Headquarters is in Moscow, in the Center of international trade ITC. Activities of REC regulated by the Federal Law “On Bank for Development” №82-Fl dated 17 May 2007 and by the regulations Government of the Russian Federation.

Group of companies “Sportmaster” (www.sportmaster.ru) – company-retailer that specializes in retail and wholesale sporting goods. The owner of the eponymous network of sporting goods stores in Russia, Ukraine, Belarus, Kazakhstan, and China, as well as networks of “Sportmaster Discount” and O’stin (casual clothes) and distribution business division. In Singapore operates 2 engineering center “Sportmaster” by the development of new materials for sports equipment and sportswear.

Participation in event:
Gennady Kurhin
Тел.: + 7 (915) 417-03-54;
e-mail: info@rsbc.today

Press Contact:
Andrei Bykov
Тел.: +7 (916) 181-18-64
e-mail: a.bykov@rsbc-today.ru