Investment Portal of the Arctic Zone of the Russian Federation

FEFD and Arctic products — for export

The Far East and Arctic Development Corporation and the Russian Export Centre discussed promoting Far Eastern and Arctic companies and the goods and services they produce abroad.

6 August 2021

The event, which was supported by the Ministry for the Development of the Russian Far East and Arctic and the Russian Export Centre, brought together some 150 representatives of regional businesses and heads of 17 regions in the Far East and the Arctic. This is stated on the website of the Ministry for the Development of the Russian Far East and Arctic.

Welcoming the participants, Pavel Volkov, State Secretary and Deputy Minister for the Development of the Russian Far East and the Arctic, said that it was necessary to ensure progress in such an important area of promoting Russian goods, works and services in foreign markets. It is necessary to develop not only raw material exports but also to help the products of residents of the Advanced Development Territories, the Free Port of Vladivostok and the Arctic Zone of the Russian Federation to enter the international market.

The track, on which the heads of the governments of the Murmansk and Sakhalin regions, the Jewish Autonomous Region, the Khabarovsk Territory spoke about the advantages of the regions and the potential of companies to enter foreign markets, opened and. O. Director General for the Development of the Russian Far East and the Arctic, Igor Nosov.

'As part of the reform, the functions of the six development institutes operating in the Far East and the Arctic have been merged into one. And the teams of the three largest and most active organisations, the Agency for Human Capital Development, ANPO Investment and Export Agency and the Far East Development Corporation, became one team of a single development institution. The work on developing export potential and supporting companies' export projects in the Far East and the Arctic has recently been incorporated into the area that the Investment and Export Agency has been working on. In addition, the Far East Development Corporation is the operator of 23 Advanced Development Territories and the Free Port of Vladivostok, located in the Far East, where residents are able to take advantage of a unique set of tax benefits and administrative preferences. More recently, the largest preferential regime in the world, the Arctic Zone of the Russian Federation, covering 5 million square kilometres, came into operation. Entrepreneurs here also have access to benefits and preferences. By actively cooperating with the Russian Export Centre, we will be able to significantly increase our support for exports. I suggest holding regular meetings with REC and regional governments. In addition, a cross-cutting calendar of events should be jointly established. For our part, we are ready to provide full information on activities that are relevant to the development of investment potential and exports', said Igor Nosov.

The international track was opened by Dmitry Prokhorenko, director of the foreign network of the Russian Export Center, talking about the possibilities of the foreign network of RECs, comprehensive support for exporters, and also outlined possible formats for REC cooperation with the business of the Far East and the Arctic.

“The foreign network of REC is represented in 11 countries: Azerbaijan, Belarus, Vietnam, India, Kazakhstan, China, Tajikistan, Turkey, Uzbekistan, Germany, United Arab Emirates. The main task of the network is to provide comprehensive support for the export activities of Russian companies abroad. The Russian Far East and Arctic are one of the priority regions for our work. Given the complexity and significance of the tasks of promoting Russian exports to foreign markets, it is important to provide exporters with a wide range of both financial and non-financial support instruments. REC has the opportunity to provide a full range of such measures to promote products manufactured in the Far East and the Arctic. This is the search for a Russian supplier at the request of a foreign buyer, conducting business missions, business meetings and events on a regular basis to develop ties and establish relations between Russian and foreign companies. To increase export volumes and provide the most effective assistance to Russian companies in foreign markets, such a format of interaction as a partner network is currently actively developing,” Dmitry Prokhorenko informed the participants of the event.

During the track, Chairman of the Board of Directors of the Russian trading company in China Hua No E Xiang, opened in 2020 by VEB.RF together with the Russian Export Center, REC General Representative in the Asia-Pacific Region Artyom Sharov spoke about the peculiarities of promoting non-resource exports to the PRC market. REC representatives working in Vietnam, India, Turkey, Azerbaijan and Belarus also made reports on the possibilities of comprehensive support for export-oriented projects when entering foreign markets.

Timur Vekilov, REC's overseas representative in India, reported on the opportunities available for supplying processed fish to the country's market. "Far Eastern fish processing plants that produce a finished product for retail can enter India. On its part, REC will introduce suppliers to the rules in place in the Indian market and major food distributors," he said.

During the meeting, the Russian Export Centre and the Russian trading company in China Hua No E Xiang signed an agreement on strategic partnership and cooperation. The document will enhance cooperation between the two entities to bring Russian goods and services to international markets.

"With the signing of this agreement, Russian manufacturing and exporting companies receive broader, more systematic business support in China with an outlined profile of commercial services. In our work, we are aimed at increasing the volume of non-commodity exports," said Artyom Sharov, Chairman of the Board of Directors of the Russian Trading Company in China Hua No E Xiang and General Representative of the Russian Export Centre in the Asia-Pacific Region.


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