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South Asia Remains World's Fastest Growing Region, but Should Be Vigilant to Fading Tailwinds

13 April 2016

Led by robust growth in India, South Asia shows resilience in the face of turbulent international markets and remains the fastest-growing region in the world, with economic growth forecasted to grad ually accelerate from 7.1 percent in 2016 to 7.3 percent in 2017, a World Bank report said.

East Asia Pacific Growth Remains Resilient in Face of Challenging Global Environment, Says World Bank

13 April 2016

Growth in developing East Asia and Pacific has remained resilient and is expected to ease only modestly during 2016-2018, according to a new World Bank report. This outlook is subject to elevated risks and countries should continue to prioritize monetary and fiscal policies that reduce vulnerabilities and strengthen credibility, while deepening structural reforms.

EU reaffirms continued commitment to further deepening partnership with ASEAN

12 April 2016

The European Union (EU) reiterated its strong commitment and interest in further substantiating the ASEAN-EU Dialogue Relations.

Tags: ASEAN

ASEAN and Global Green Growth Institute explore collaboration

12 April 2016

Secretary-General of ASEAN, H.E. Le Luong Minh, welcomed the President of Global Green Growth Institute (GGGI) and former President of the Republic of Indonesia, H.E. Dr. Susilo Bambang Yudhoyono at the ASEAN Secretariat to discuss potential collaboration on green growth on April 11, 2016. Currently, five ASEAN Member States are members of GGGI: Cambodia, Indonesia, the Philippines, Thailand and Viet Nam.

Tags: ASEAN

ASEAN, China renew commitment to forge closer cooperation

12 April 2016

The 17th Meeting of the ASEAN-China Joint Cooperation Committee (JCC) held in Jakarta held on April 11, 2016 reaffirmed the importance of ASEAN-China partnership and renewed commitments to forge closer cooperation. The Meeting acknowledged the strong momentum to further strengthen ASEAN-China relations.

Tags: ASEAN

BRICS Business Council summarized the Russian presidency outcomes

11 April 2016

The meeting of the BRICS Business Council held in Moscow on April 6, 2016 was attended by heads of national chapters of the Council, namely Mr. Sergey Katyrin, CCI of Russia, Indian - Mr. Onkar Kanwar, Apollo Tyres, Brazilian - Mr. José Rubens de La Rosa, Chinese - Mr. XU Lirong, China COSCO Shipping, Mr. Brian Molefe, Eskom Holdings SOC as well as business representatives of the BRICS countries.

Russia supports an idea of holding BRICS exhibition and fair on the eve of the Leaders summit

11 April 2016


Russia supports the Indian BRICS presidency initiative to organize a large exhibition and fair on the eve of the Leaders summit in October 2016. Russia also believes that its initiatives elaborated in 2015, in particular on advancing export supplies insurance and reinsurance mechanism, establishment of BRICS rating agency, deepening joint research, use of national currencies in payments between BRICS member countries will be further developed and implemented.

A seminar on the Trans-Pacific Partnership (TPP) Agreement’s influence on Russia`s economy was held in the Russian Union of Industrialists and Entrepreneurs (RSPP) on April 8, 2016

11 April 2016

Director of the Department for Trade Negotiations of the Ministry of Economic Development of the Russian Federation Maxim Medvedkov was a keynote speaker of the event.

G20 Leaders Launch Global Partnership and Website to Help Advance Inclusive Business

11 April 2016

The G20 officially launched the Global Platform on Inclusive Business (GPIB) in Nanjing, China on April 6, 2016. The Platform is a global partnership that will provide support to policymakers and accelerate the adoption of inclusive business policies and programs globally.

Tags: G20/B20

The Russian Union of Industrialists and Entrepreneurs and PwC announced the launch of a joint Corporate Tax Award

8 April 2016

We’re pleased to invite your company’s tax department to take part in our new Corporate Tax Award 2016 contest.

EAEU member countries elaborate a dialogue mechanism of engagement with China

8 April 2016

As Grigoriy Karasin, State Secretary, Deputy Minister of Foreign Affairs of the Russian Federation pointed out in his interview to the newspaper “Kazakhstan Pravda”, the Eurasian Economic Union member countries agreed to collaborate in implementing the Chinese initiative One Belt, One Road in parallel to holding talks on signing an agreement on trade and economic cooperation between the EAEU and China.

Russia and Austria will continue implementing the Declaration on Partnership and Modernisation

6 April 2016

It was announced by President of Russia Vladimir Putin at the talks with Federal President of Austria Heinz Fischer on April 6, 2016. Russia and Austria also will work to facilitate a favourable business climate and deepen industrial and technological cooperation.

A meeting of senior officials of Russia and the Association of Southeast Asian Nations (ASEAN) at the level of deputy foreign ministers

5 April 2016

A meeting of senior officials of Russia and the Association of Southeast Asian Nations (ASEAN) at the level of deputy foreign ministers was held in Moscow on April 5, 2016

International Forum within the Russian Business Week focused on new conditions and opportunities for economic cooperation in the Asia-Pacific and Eurasian Regions

25 March 2016

The International Forum “New Conditions and Opportunities for Economic Cooperation in the Asia-Pacific and Eurasian Regions” within the Russian Business Week was held on March 23, 2016. The first part of the event was devoted to the regional and integration projects implemented in these regions, including the Trans-Pacific Partnership (TPP), Regional Comprehensive Economic Partnership (RCEP) and other free trade zones, Silk Road Economic Belt, Eurasian Economic Union (EAEU) and coordinating development of EAEU and Silk Road Economic Belt. Aleksey Maslov, Head of the School of Asian Studies of the National Research University Higher School of Economics moderated the discussion.

RSPP President Alexander Shokhin met with Ambassador of Mexico to the Russian Federation H.E. Ruben Beltran

26 February 2016

RSPP President Alexander Shokhin met with Ambassador of Mexico to the Russian Federation H.E. Ruben Beltran.

RSPP President Alexander Shokhin held a meeting with Her Majesty's Ambassador to Russia Dr Laurie Bristow

25 February 2016

At the meeting Alexander Shokhin and Laurie Bristow discussed the state of play in the global economy, perspectives of Russian – UK economic cooperation as well as priorities of Russia`s economic development. Alexander Shokhin emphasized the importance of Russian-UK engagement within the multilateral fora, such as G20.

President of the Russian Federation Vladimir Putin met with President of the Russian Union of Industrialists and Entrepreneurs (RSPP) Alexander Shokhin

24 February 2016

President of the Russian Federation Vladimir Putin met with President of the Russian Union of Industrialists and Entrepreneurs (RSPP) Alexander Shokhin on February 15, 2016. The discussion focused on the actual agenda of state – business engagement and key challenges the business community faces. Alexander Shokhin told about the preparations to the RSPP annual congress to be held within the Russian Business Week on March 24, 2016.

RSPP President Alexander Shokhin attended the Munich Security Conference

15 February 2016

52nd Munich Security Conference (MSC) was held on February 12-14, 2016. The discussion focused on fight against “Daeshing Terror”, migrant crisis in the EU, trade and security, health security, future of NATO, climate and energy security, Euro-Atlantic integration perspectives and others.

Russia ratified the Agreement with China on avoidance of double taxation and prevention of tax evasion regarding income taxes as well as the Amendment Protocol

11 February 2016

The Agreement was signed in October 2014. The Protocol on Amendments was signed in May 2015. The Agreement will come into effect in January 2017 (ab initio of new fiscal period).

WTO releases new statistical profiles on global value chains

29 January 2016

The WTO has released new statistical profiles on global value chains (GVCs) for 61 economies. These profiles bring together a set of indicators on trade taking place within GVCs.

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