The Government of the Yaroslavl Region and the Russia-Singapore Business Council Signed a Cooperation Agreement

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The Parties decided to join their forces and coordinate the promotion of products together, technologies for civil use and integrated solutions for industrial production and information technologies in the Yaroslavl Region to the markets of ASEAN countries, expand access of the Yaroslavl business community to technology transfer and develop contacts in the fields of science, education and art.

The cooperation agreement was signed by Nikolai Volobuev, Deputy CEO of the Rostec State Corporation and Chairman of the Russia-Singapore Business Council (RSBC), and Maxim Avdeev, Deputy Chairman of the Government of Yaroslavl Region.

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“We have formed the key objectives and principles of our cooperation. The agreement is the result of fruitful joint work. Together we will be able to search for technological industrial and commercial partners for Yaroslavl companies in Singapore and Southeast Asia, using the Centre for Overseas Promotion of Russian High Technology Companies and presentation of investment projects, including a permanent showroom of Russian technologies, – said Deputy Chairman of the Government of the Yaroslavl Region Maxim Avdeev, – I especially want to emphasize the opportunities for promotion of Yaroslavl manufacturers presented by the information service”. The spring launch in test mode has caused serious interest among Yaroslavl export-oriented companies. As of this date, 72 companies and organisations from our region are searching for partners on RSTrade Platform.

In 2020, the RSBC, together with the Department of Regional Development and Foreign Economic Affairs, as well as the Russian Export Center, held a series of online events for the Yaroslavl business community and identified priority areas for cooperation within the RSTrade
e-platform.

Singapore is a high-tech state that requires modern solutions. At present, it is a powerful logistics, financial and technological hub of Southeast Asia.

“Singapore is a convenient launching platform for export and cooperation with the countries of the entire Asia-Pacific Region. These opportunities are already being used by Russian enterprises, including that are subordinate to the Rostec. Up to now, Moscow, St. Petersburg and Tatarstan were guided by the APR. I am sure that the Yaroslavl Region with its advanced production facilities and high-tech solutions will become another constituent entity of the Russian Federation that will adequately represent the Russian industry in the region. RSBC will provide Yaroslavl companies with comprehensive support and assistance to expand cooperation with foreign partners” – said Nikolai Volobuev, Deputy Director General of Rostec, Chairman of the RSBC.

Singapore is one of the most promising directions for the export of products of Yaroslavl manufacturers and services of IT companies. Cooperation with the Russia-Singapore Business Council will make it possible to more effectively implement the tasks set in the framework of the priority of the national project “International Cooperation and Export”.

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Information:

Russia-Singapore Business Council was established in 2009 at the initiative of the Chamber of Commerce and Industry of the Russian Federation with the support of the Ministry of Economic Development of the Russian Federation and the Rostec State Corporation. Currently, the Council includes 71 Russian production associations and enterprises, about 50, mostly foreign, associations and companies are partners.

The export of the Yaroslavl Region to Singapore from January to June 2020 amounted to more than 115 thousand US dollars. The total share of non-resource non-energy exports exceeds 99%. The main groups of exported goods: industrial rubber goods, stone products and printed goods.