directions for development and diversification of the russian-finnish economic relations
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Trade Representative of the Russian Federation in Finland
Dr. Valery A. Shlyamin
Perspectives of Russian-Finnish
economic cooperationin field of transport and logistics
Helsinki,21.9.2012
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 21st, 2012 MoscowRussian Federation has ratified Russian WTO
accession protocol
August 22nd, 2012Russia 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 (www.formodernisation.com)
We open our markets to create modern and competitive economy
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Estimates of Russia’s WTO membership impact on the Finnish economy
Conservative estimate Optimistic 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
1st place in the Finnish foreign trade
13.2 % share
Finland
15th 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, %
2,7
2,2
3,1
2,4
1,8
2,1
3,0
2,4
2,9
3,2
3,02,8
2,3
2,7
2,5
3,0
3,4
3,13,13,2
1,5
2,02,0
2,52,5
3,12,9
1
1,5
2
2,5
3
3,5
2005 2006 2007 2008 2009 2010 2011 1st half2011
1st half2012
Turnover Export Import
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
| 10The Customs Union and the Single Economic Space Share in the Global Export of Goods in 2010
Source: Eurasian Economic Commission
11
12121212
Thank you for attention!
Trade Representation of the Russian Federation in Finland
www.rusfintrade.ruE-mail: vneshtorg.vesfin@rustrade.inet.fi
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