RSBC took part in the SPIEF-2022 and organized a business discussion “New Challenges of International Trade”

Russia-Singapore Business Council (RSBC), established at the initiative of the Chamber of Commerce and Industry of the Russian Federation with the support of the Ministry of Economic Development and the Rostec State Corporation, took part in the St. Petersburg International Economic Forum (SPIEF).

On June 16, 2022, the RSBC took part in the Russia-China business dialogue, in which the prospects of Russian-Chinese trade and economic cooperation were discussed, and in other conferences like “BRICS Countries: Deepening Trade and Economic Cooperation”, “Transnational E-Commerce: Development Scenarios”, “Russian Economy: Current Challenges and Footholds”.

The participants of the conferences noted that it seems important for Russian business to strengthen and expand mutually beneficial international cooperation with the countries of Southeast Asia, Middle East, as well as with China and India.

Thus, interregional cooperation implies the creation of Russian and Eastern business associations. They can act as open platforms serving the needs of Russian-Asian trade and economic cooperation, which are able to create new economic ties and ensure dialogue between entrepreneurs at the interregional level.

The initiative proposed during the business discussion “New Challenges of International Trade” to create a business consortium “Bridge” is fully consistent with the ideas put forward within the forum.

Recall that the event was organized in an online format via the teleconference Moscow - St. Petersburg - Singapore - Dubai. The event was broadcast in Singapore at the site of the Foreign Promotion Center of Russian high-tech companies and the presentation of investment projects of the RSBC.

Deputy Chairman - Executive Director of RSBC Pronin Sergey took part in the discussion and spoke on the topic: “New challenges of international trade and industrial cooperation. Trade diversification”.

"The current dynamics of global trade in goods and services demonstrates that its development is determined by factors associated with the growth of international cooperation, the development of new types of production and the diversification of sales and logistics markets. At the same time, an important condition for world trade growth will be a flexible trade policy, the commitment of which is shown today by the countries of the “Bridge” business consortium.

Long-term experience in the development and use of the RSTrade multi-language information and service platform; physical centers (virtual) presentation of products in local markets, such as the Foreign Promotion Center in Singapore - a tool for promoting Russian products in the Southeast Asia Region; distributed joint engineering and production sites in Russia, China, Malaysia, India and the Middle East, as an instrument of international scientific, technical and industrial cooperation, in the context of accelerating digitalization and fierce competition confirms the high efficiency of the innovative infrastructure we have created and the need to scale it "- S. Pronin emphasized in his speech.

The representative of Rossotrudnichestvo in the Republic of Singapore, Alexandr Soloviev, also took part, speaking on the topic “Human resource as an engine of international trade in changing conditions”. “An important condition for the growth of world trade in modern conditions is people who carry out all economic processes. Today, educational institutions must be able to keep up with the needs of the industry in personnel. Educational institutions must meet the needs of the industry, both in terms of quality and quantity. Taking into consideration the modern realities, training should include not only technical competencies, but also other important skills such as intercultural communication, written communication skills, public speaking and leadership development”.