EU Mission for Growth Calls for More Business and Investment to Russia
On 17-18 June 2013, State Solutions LLP took part in the EU Mission for Growth to Russia, led by the European Commission’s Vice-President Antonio Tajani with a 120 strong business delegation representing companies and industry associations from the 22 different Member States of the European Union.
It brought together businesses and political leaders to enhance business relations between Europe and Russia, reinforce economic cooperation and reforms, and help EU enterprises better access the Russian fast-growing market across industries. Selected by EC Directorate-General for Enterprise and Industry and the London Chamber of Commerce and Industry, State Solutions LLP actively worked throughout the political and business events in Moscow to share its vision and expertise on government relations and regulatory affairs for foreign companies in Russia.
The Mission opened with the business forum “Russia-Europe: Cooperation without Frontiers” in Moscow, where EC Vice-President Antonio Tajani and Russia’s Minister of Industry and Trade Denis Manturov called for more cooperation between EU and Russian businesses, affirming the mutual will for deepening policy dialogue and reforms for better investment opportunities. It was attended by senior officials of the EC and the Russian Government, representatives of EU and Russian enterprises, EUROCHAMBERS and BUSINESSEUROPE associations, the Enterprise Europe Network, the Chamber of Commerce and Industry of the Russian Federation, and the Russian Union of Industrialists and Entrepreneurs.
The round-table “Doing Business in Russia” focused on the ways of removing technical barriers to trade and reducing administrative burdens for SMEs, overcoming major obstacles in the regulatory and administrative environment, especially in the light of Russia’s accession to the WTO, as well as aligning industrial standards between the EU and Russia. The Association of European Businesses’ seminar “Investing in Russia: Opportunities in a Challenging Environment” continued the Mission’s programme. It presented an outlook of Russia’s economic trends, discussed the Russian market attraction and challenges for European SMEs, and the role of EU companies in modernisation of Russia’s economy.
Working throughout the Mission, State Solutions LLP’s Managing Director Alex Andreev engaged in dialogues with EC Vice-President Antonio Tajani, EC officials, EU businesses’ representatives and journalists on the trends and prospects in Russia’s policy and regulatory environment. He highlighted the importance of official government relations and regulatory compliance for EU companies doing business in Russia as a key element of their business strategy to be a success. Alex Andreev said: “The EU Mission for Growth to Russia is a powerful high-level event which sent two important messages. First, Russia’s market presents huge business opportunities for foreign companies. Second, the business environment is gradually improving through policy dialogue with the business communities and reform.” He added: “In the constantly changing regulatory and administrative environment, foreign companies are not left alone and can rely on professional advice and assistance in managing their government relations strategy for doing business in Russia more effectively”.