In his speech at the plenary session on Russia – ASEAN partnership and its significance for business, Alexander Shokhin highlighted the opportunities Russia offers for international investors, governmental authorities and business community work on improving business climate as well as investment potential of the Eurasian Economic Union (EAEU) partner countries.
RSPP President noted that currently the volume and structure of trade and economic cooperation between Russia and the EAEU in a whole with ASEAN do not reflect existing potential. Russia and EAEU partner countries can provide investors of the Asia-Pacific region with comfortable conditions for registering new business, simple procedures for registering property rights, competitive quality of tax administration and effective protection of contractual rights.
Alexander Shokhin said that due to Russian businesses efforts and public authorities work Russia`s position in Doing business ranking significantly improved (123rd in 2011, 51st in 2016). RSPP surveys also confirm business climate improves.
In conclusion RSPP President proposed priority areas of EAEU – ASEAN engagement: to expand cooperation through free trade agreements between ASEAN and EAEU; develop energy efficient technologies and green energy to reduce vulnerability of ASEAN and EAEU member countries from oil price fluctuations; to implement joint projects in innovative and high-tech spheres; and boost cooperation in human resources development.
On the sidelines of the Business Forum Alexander Shokhin held a number of informal meetings with heads of ASEAN business association and companies.