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Russia-Singapore Business Forum 2007. Summary.

09.03.2007 - The second Russia-Singapore Business Forum, which was held in Singapore on the 5th-6th March this year, showed even stronger turnout, and proved the increasing strength of the bilateral relations and multifaceted partnership between our countries. This Forum was attended by more than 500 corporate executives and political leaders. Among participants were Minister Mentor Lee Kuan Yew, Minister of Trade and Industry Lim Hng Kiang and his Russian counterpart Herman Gref. Russia was represented by four constituents: the Republic of Tatarstan, Tver Oblast, Maritime Krai and the city of Moscow. Other officials representing Russia were the Head of the Federal Special Economic Zones Management Agency Mikhail Mishustin, Maritime Territory?s Governor Sergey Darkin, Tver Region?s Governor Dmitry Zelenin and Moscow?s First Vice-Mayor Yuri Roslak. The Forum?s official opening took place at the Shangri-La Hotel. Herman Gref, Minister of Economic Development & Trade, gave a speech devoted to strengthen partnership between Singapore and Russia. He noted that over the past few years, trade activity between Singapore and Russia had been steadily increasing. The bilateral trade has grown for 43% from S$1.32 billion in 2005 to S$1.89 billion in 2006. Since 2000, bilateral trade has increased more than three-fold. Russia is now Singapore?s 33rd-largest trading partner, up from 38th position in 2005. A growing number of Singapore companies have successfully ventured beyond what many would consider familiar territory into the Russian market, across a spectrum of industries, ranging from real estate, and food and beverage, to consumer electronics. II Russia-Singapore Business Forum has provided a platform for fostering closer economic cooperation between Russia and Singapore. Timur Beslangurov, VFBS Managing Partner, has made a presentation on Starting Business in Russia. The presentation discovered main start-up issues connected with legal and tax peculiarities of Russian legislation. To get more information and for the presentation, please, contact Viktoria Satunina, via vsatunina@vfbs.ru



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