Singapore and Russia look to enhance business cooperation

Russland, Moskau, Basiliuskathedrale

Singapore and Russia have agreed to explore further cooperation in several areas, such as airport management, industrial park and city planning, information and communications technology, education, and healthcare. They also agreed on collaboration in projects in places such as Moscow, St Petersburg and Vladivostok.

Singapore’s Foreign Affairs Ministry announced this on Wednesday (Sep 10) after the Deputy Prime Ministers of both countries took stock of bilateral cooperation over the last five years.

Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam and Russia’s First Deputy Prime Minister Igor Shuvalov had co-chaired the Fifth Session of the High-Level Russia-Singapore Inter-Governmental Commission (IGC) in Singapore.

A joint statement noted successful tie-ups such as consultancy services for the marketing and management of the “Moglino” Special Economic Zone in the Pskov region of Russia.

Both sides welcomed talks on a project to set up a technopark in Ramenskoye, as well as an agreement between Business Russia and International Enterprise Singapore to enhance business collaborations from both sides. They also agreed to help Olam International, a major Singapore investor in Russia, complete its planned production capacities there, by the end of this year.

The Russia-Singapore Inter-Governmental Commission (IGC) will convene in Russia next year.




Source : Channel News Asia | September 10, 2014

Thomas D’Innocenzi


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Thomas D’Innocenzi is a highly accomplished, results-focused international consultant with extensive experience in global sourcing and business development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global marketing and sourcing operations. He has extensive experience in international business development to accommodate rapid growth. Skilled in building top-performing teams, bench-marking performance, and developing organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. Tom founded Nova Advisors with the mission of providing expert Global Business Development consulting services for companies seeking to expand their market share as an independent consultant. Tom has a network of experts and advisors throughout the Asia-Pacific region and North America. His expertise includes business development, global sourcing, manufacturing, commodities, logistics, QA/QC, FDA, regulatory compliance, sustainability, and supply chain optimization. Tom is experienced in the medical device, apparel, consumer goods and technology services verticals helping companies advance their global sourcing capabilities and develop new markets through a local and sustained approach. Located in SE Asia and the United States, Tom expands market reach to drive sales. His global sourcing strategy includes directly negotiating with commodity suppliers, supply chain networks and distributors for optimal terms based on his expertise and first-hand knowledge of the players. Contact Tom to use his consulting service to increase your global market and make global sourcing profitable for you in the Asia Pacific Region and the United States. USA Direct: +1.904.479.3600 SINGAPORE: +65.6818.6396 THAILAND: +662.207.9269
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