February 2020 – Russia Singapore Business Council

RSBC Seminar in Samara brought together companies, interested in exporting to Southeast Asia

On February 20, at the “Boiling Point” centre of the Samara State University of Economics, a seminar “Projects of the Russia-Singapore Business Council” was held. The event was supported by the Export Assistance Center of Samara Region (led by Alexander Golosarsky) At the event, the international information and service online platform RSTrade was presented to Samara companies. Through the Platform export-oriented enterprises of the Samara region will be able to market their products to Southeast Asia. The resources of the Centre for Overseas Promotion of Russian High-Tech Companies and the Presentation of investment projects in Singapore, created on the initiative of the RSBC with the support of the Rostec State Corporation, were also presented.

After the demonstration of the Platform and the Centre the participants discussed specific examples of how companies could be helped to enter the markets of Southeast Asia, using Singapore as a financial, logistics and technology hub, and Council tools as marketing promotion tools.

Experts of the executive structure of the Council (RSTradehouse LLC) Andrey Bykov and Alexander Burnatsev, as well as Maxim Bagaev and Maxim Sinelnikov from the Samara representative office of the Council, attended the seminar.
As you know, the 82000^th company was recently registered on the RSTrade Platform. This was Priority LLC from Samara. The head of this company Alexander Zavertkin received a privileged Platform user certificate with advanced functionality.

Undoubtedly, the cooperation between the Russia-Singapore Business Council and the Export Assistance Center of Samara Region will expand the foreign economic activities of Samara business and create favorable conditions to develop international industrial and service cooperation with enterprises of Singapore and other ASEAN countries.

Intercountry Cooperation at the Level of Business Councils

One of the new trends in the consolidation of Russian business with foreign companies on the global stage is interaction through business councils. These are public organizations, whose members are actively involved in the search for new partnerships with the purpose of establishing long-term cooperation. Interaction at the level of business councils opens up new horizons for solving such tasks.

On February 12, at the site of the Chamber of Commerce and Industry of the RF in Moscow, the prospects for long-term mutually beneficial cooperation were discussed during a meeting of representatives of Business Councils for cooperation with Singapore and cooperation with Cyprus, headed by their leaders – Nikolay Volobuev and Mikhail Kuzovlev.
The potential of a new promising vector of business partnerships – Cyprus-Russia-Singapore was demonstrated on the example of the implementation of an international project to build a high-tech sports and fitness complex for training and rehabilitation of athletes; the project is planned to be implemented by three parties. The construction site is in Cyprus, the technologies will be provided by Russian companies (Rostec State Corporation and YSAR+ JSC), and Singapore companies will form the investment package.

“YSAR+, as a member of the Russian-Singapore Business Council and a regular participant in its events, is ready to actively continue its work, both in Singapore and in the Republic of Cyprus, for example, the SDRS-MS system is already successfully operating in the German Cancer Center in Limassol. Simultaneously, our software is being introduced to a number of medical institutions in Cyprus; moreover, we are ready to promote Russian technologies in the framework of promising projects and to develop existing relationships with business structures of the Republic of Cyprus”, said the Director of YSAR+ JSC, a member of the Russia-Cyprus Business Council, and Deputy Chairman of the Council Sergey Robsky.

During the meeting, it was agreed to present this project at the international economic forum “V Russia-Singapore Business Dialogue”.

“The business dialogue that we are planning to have in Singapore this year will contribute both to consolidating the previously reached agreements on building strong business cooperation within the framework of the interaction of our Business Councils, and to the development of new approaches to the further successful implementation of our plans”, said Nikolay Volobuev, Chairman of the Russia-Singapore Business Council, Deputy General Director of Rostec State Corporation.

Participation in Singapore Airshow 2020

On February 11, the biggest in Southeast Asia and the third-largest in the world aerospace event called Singapore Airshow 2020 opened in Singapore. The airshow is organized by the Civil Aviation Authority of Singapore (CAAS) along with the Defence Science and Technology Agency (DSTA). The aerospace show is held once every two years and gathers the leaders of the civil and military aviation industries together.

In 2018, about 54 thousand visitors from 147 countries, 1,062 companies from 50 countries, as well as 287 high officials from 92 countries and regions took part in the Singapore Airshow. The coronovirus outbreak has made adjustments to this year’s aerospace show. A range of European and American companies refused to participate in the exhibition, the number of visitors decreased slightly, including due to the measures of enhanced epidemiological protection undertaken by the Singapore authorities and the organizers of the event. Moreover, the meeting of the leaders of the largest aircraft manufacturing corporations has been cancelled.

At the same time, the main activities planned by the organizers and participants of the airshow are now under way as usual. This applies to the international exhibition of military and civil aviation products, devices and systems, engines, spare parts and components, repair equipment and tools, technologies and engineering solutions, etc.

Representatives of the Ministry of Industry and Trade of the Russian Federation and the Federal Service of Military-Technical Cooperation are participating in the work of the Singapore Airshow. The State Corporation Rostec is represented with a separate booth. Representatives of Rostec itself, as well as its holding companies and organizations, such as Russian Helicopters, United Aircraft Corporation, Rosoboronexport (including regional representatives), their partners and related enterprises are taking part in the event.

Compensating the impossibility to represent the wide Russian delegation, an active work at the aerospace show is being conducted by representatives of the Russia-Singapore Business Council and the Center for Overseas Promotion of Russian High-Tech Companies and the Presentation of Investment Projects created in Singapore on its initiative with the support of the State Corporation Rostec.

On the opening day, a series of negotiations was organized with prospective buyers of Rostec companies’ products. The representatives of potential partners of the Corporation’s enterprises, as well as the heads of Singapore agencies visited the booth.

In addition to participating in activities during the airshow, an extensive business programme has been prepared covering bilateral and multilateral meetings with partners from Singapore and other Asian countries.

The Corporation considers the Singapore Airshow as an important tool for promoting its products and technologies to the market of the Asia-Pacific countries. Negotiations will be held with potential buyers of Russian aircraft, leasing companies and suppliers of components.

The work of the Singapore Airshow and the Russian delegation will last till February 14.

Russia, ASEAN states to draft cooperation plan for 2020 onwards

The Russian Foreign Ministry stressed the importance of expanding foreign policy coordination within key multilateral platforms and in the sphere of international security

Russian Foreign Minister Sergey Lavrov and ASEAN (Association of Southeast Asian Nations) Secretary General Lim Jock Hoi have agreed to form a plan to develop cooperation between Russia and ASEAN after 2020, also discussing steps to strengthen trade-economic and investment ties, the Russian Foreign Ministry informed on Monday on the outcomes of the talks in Moscow.

“An agreement to prepare a comprehensive package of measures to develop Russia-ASEAN cooperation in the period after 2020 was reached,” the ministry informed. “Concrete steps to strengthen trade-economic and investment ties were discussed with a special focus on cooperation in the sphere of high technology and innovation, energy, finance, emergency response and culture. Expansion of contacts between business and expert circles was also discussed.”

“Practical aspects of establishing cooperation between ASEAN, the Eurasian Economic Union and the Shanghai Cooperation Organization (SCO) in the context of forming a Greater Eurasian Partnership and exchanging regional integration experience have been discussed. Namely, [Lavrov and Lim Jock Hoi] discussed the activation of contacts between the ASEAN Secretariat, the Eurasian Economic Commission and the SCO Secretariat,” the ministry noted.

The Russian Foreign Ministry stressed the importance of expanding foreign policy coordination within key multilateral platforms and in the sphere of international security.

The ministry added that the sides had discussed international issues with a special focus on the prospects of establishing a balanced system of intergovernmental relations in the Asia-Pacific that would ensure stable security and sustainable development of the region’s states. “They also discussed current regional issues,” the Russian diplomats informed.

Source: https://tass.com/politics/1115959