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SBF - FMM Trade & Investment Mission To Russia
(Moscow & ST Petersburg)
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The Singapore Business Federation (SBF) and the Federation of Malaysian Manufacturers (FMM) is jointly organising a trade and investment mission to Russia. This mission will visit the two main commercial cities of Russia - Moscow and St. Petersburg, the major population and business centres. This programme is highly subsidised under the **Malaysia-Singapore Third Country Business Development Fund (MSBF) to encourage you to explore and learn more about the vast business opportunities present in Russia - a country which boosts stellar and consistent economic growth in the last decade. This mission allows you to gain first-hand understanding of the business climate and opportunities and more importantly bridge possible partnerships with key Russian businessmen. Business matching meetings, networking sessions with relevant government authorities, briefings by local chambers of commerce, site visits to companies and more will be specially arranged for you!
BUSINESS OPPORTUNITIES are present in these sectors:
- Information technologies
- Telecommunication
- Production and use of composition materials
- Biotechnology
- Automation of manufacturing processes
- Aerospace technologies... and MORE!
Why Russia?
Russia has achieved an impressive economic growth and ended 2007 with its ninth straight year of growth, averaging 7% annually since the financial crisis of 1998. In 2007, Russia has a GDP of $2.076 trillion (est. PPP), the 7th highest in the world, with GDP growth registering at 8.1%. Growth was primarily driven by non-traded services and goods for the domestic market, as opposed to oil or mineral extraction and exports. Over the last six years, fixed capital investments have averaged real gains greater than 10% per year and personal incomes have achieved real gains more than 12% per year. The government is committed to economic and legislative reforms, with overhauls of land, labour, tax, bank and company law in particular. More reforms are in place, as the Russian government prepares for WTO membership; joining the ranks of other developed countries. Russia's accession to the WTO is likely to be in mid 2008.
Such continued macroeconomic policies have improved the economic climate in Russia. Russia's financial situation also continues to strengthen and this prompted international credit rating agencies to upgrade the country to investment grade, which has added to Russia's investment attractiveness. These achievements have raised business and investor confidence in Russia's economic prospects, with foreign direct investment rising from $14.6 billion in 2005 to approximately $45 billion in 2007.
All in all, Russia possesses vast growth potential, with a bolstered economic growth driven by increased foreign investment, higher domestic consumption and greater political stability.
About Moscow
Moscow is the capital and largest city of Russia, and the largest city in Europe. It has an ever-developing consumer-goods market, a buoyant labour market that draws in hundreds of thousands of migrant workers from neighbouring states in the Caucasus and Central Asia, a range of financial services, a middle class and a large expat community. A significant portion of Russia's profits and development is concentrated in Moscow as many multi-national corporations have branches and offices in the city.
About St Petersburg
St. Petersburg is the fourth most populated city in Europe. Over the last years St. Petersburg made serious progress in the improvement of the municipal laws, improvement of the City territory, strengthening of the City position as one of the large centres of the European Baltic region. A lot has been done for the development of the transport complex, improvement of the industry structure, attracting tourists, and culture development. All these actions make the basis of the steady economic growth in the next years.
Russia continues to be a major, fast-moving and growing economy and beckons with opportunities galore. Seize the chance to make inroads into the Russian market today and make the most out of these golden opportunities!
| Time |
Programme |
| Sun, 22 Jun |
- Depart from Singapore to Moscow |
| Mon, 23 Jun |
- Business Matching meetings with members from various chambers
- Meeting with Ministry of Economy, Development and Trade of Russian Federation
- Dinner cum networking session with Ambassador of Malaysia & Singapore to Russia, MATRADE & IE Singapore reps |
| Tue, 24 Jun |
- Meeting with Russia Agency for Export Processing Zone / Visit to industrial park/plant visit
- Free and Easy for Private Meetings & Appointments |
| Wed, 25 Jun |
- Depart to St Petersburg
- Networking session and business meetings with St Petersburg Chambers of Commerce & Industry
- Visit to factories/industrial parks |
| Thu, 26 Jun |
- Free and Easy for Private Meetings & Appointments |
| Fri, 27 Jun |
- Visit to Industrial park/Free Trade Zones / Technopark / Park visit
- Depart to Singapore
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*Estimated Costs Per Participant:
| 1. |
++ Air Tickets (including taxes)
Does not include visa which takes approximately 2 weeks to be completed. |
*S$ 3,437 incl. taxes
(Economy Class) |
| 2. |
++ Hotel Accommodation |
*S$ 3,410 (five nights)
(Single Room) |
| 3. |
Common Cost (incl. local transfers, meals, networking, brochures, gifts and other miscellaneous expenses) |
*S$ 1,800# (SBF Member)
*S$ 2,383# (Non-Member)
(incl 7% GST) |
*Estimated costs are subject to change.
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Administrative Details
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- #For Item 3: Common Cost, cheque should be made payable to the "Singapore Business Federation". Pls indicate the Ref No., company name, participant's name & SBF mbrship no. behind cheque.
- ++ Eligible participants can claim up to 50% of flight and hotel accommodation for 2 representatives from each company under the Malaysia Singapore Third Country Business Development (MSBF) Fund, upon successful application for the MSBF fund. Double tax deduction is not applicable for accommodation and air travel costs.
- **Malaysia-Singapore Third Country Business Development Fund (MSBF) is subject to final approval by MIDA and IE Singapore.
- For more information, please call Weiting or Claire at 6827 6843/ 898.
Registration is on first come first served basis, subject to confirmation by SBF.
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Ref No: EUOC 101/220608/05W
REGISTRATION FORM - Weiting / Claire
Fax: 6720 2873
Closing Date: 23 May 08
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