1111 Trade Representative of the Russian Federation in Finland Dr. Valery A. Shlyamin Perspectives of Russian-Finnish economic cooperation in field of.

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Presentation transcript:

1111 Trade Representative of the Russian Federation in Finland Dr. Valery A. Shlyamin Perspectives of Russian-Finnish economic cooperation in field of transport and logistics Helsinki,

2 Directions for development and diversification of the Russian-Finnish economic relations deepening of investment cooperation enlargement of innovation interaction of business communities increase of trade in services industrial and scientific-industrial cooperation of enterprises development of regional and cross-border cooperation participation of Finnish companies in modernization of the Russian economy

33 December 16th, 2011 Geneva Ministerial Conference has approved the Working Group report concerning Russia's membership in WTO July 21 st, 2012 Moscow Russian Federation has ratified Russian WTO accession protocol August 22 nd, 2012 Russia finally entered the WTO End of the longest ever negotiation period (18 years)

44 Possible benefits of Russia’s WTO membership Finnish partners have good opportunites for participation WTO membership Possibilities for development of technologies exchange One of the ways for Russian economy diversification and modernization ( We open our markets to create modern and competitive economy

5 5 Estimates of Russia’s WTO membership impact on the Finnish economy Conservative estimateOptimistic estimate Market capacity for Finnish goods and services +0,7%+1,1% Finnish GDP+0,1%+0,2% Finnish exports+0,5%+0,7% Employment in Finland+0,2%+0,3% Source: Bank of Finland, World Bank

66 Russia 1 st place in the Finnish foreign trade 13.2 % share Finland 15 th place in the Russian foreign trade 2.1% share Source: Federal customs service of the Russian Federation, National Board of customs of Finland, 2012

77 Share of Finland in the Russian foreign trade, % Source: Federal customs service of the Russian Federation

8 Eurasian Regional Integration 2012 Eurasian Economic Commission

9 Common economic space of Russia, Belarus and Kazakhstan

10 | 10 The Customs Union and the Single Economic Space Share in the Global Export of Goods in 2010 Source: Eurasian Economic Commission

11

12 Thank you for attention! Trade Representation of the Russian Federation in Finland