A socially oriented non-financial development institution and a major organizer of international conventions, congress, exhibitions, business, social and sporting, public, and cultural events.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and business, public, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, and helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5000 people working in Russia and abroad. In addition, it works in close cooperation with 160 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 75 countries worldwide.

The Roscongress Foundation has Telegram channels in Russian (t.me/Roscongress), English (t.me/RoscongressDirect), and Spanish (t.me/RoscongressEsp). Official website and Information and Analytical System of the Roscongress Foundation: roscongress.org.

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Russia–China Business Dialogue
2 September 2021
The pandemic did not have a major impact on the strong Russian-Chinese trade and economic ties

The volume of trade between China and Russia’s Far Eastern Federal District increased by 3.3% [in 2020] to USD 10.8 billion, which suggests that even during the pandemic, the foundation of the long-term partnership between the Far East and China maintained positive dynamics of cooperation — Vadim Moshkovich, Chairman of the Board of Directors, Rusagro.

Last year, trade turnover between our countries increased, and over the next ten years, China will be Russia’s largest foreign trade partner — Zhou Liqun, President, Elus Union of Chinese Entrepreneurs.

China attaches great importance to this Forum’s role as a bridge throughout the region, and is ready to work with the Russian Federation to develop cooperation throughout the Russian-Chinese Far East in order to promote the restoration of the regional economy, the sustainable development of the region, and the recovery from the pandemic — Zhang Hanhui, Ambassador Extraordinary and Plenipotentiary of the People's Republic of China in the Russian Federation.

During the epidemic, our [trade] volume decreased for a little while, but we see that our position is gradually recovering — Lu Hao, General Director, KitayStroy LLC.

The dynamics of Russian-Chinese trade and economic cooperation declined during the pandemic

In 2020, trade between Russia and China amounted to more than USD 107 billion, a decrease of 2.9% — Vadim Moshkovich, Chairman of the Board of Directors, Rusagro.

At present, of course, the COVID-19 epidemic is having a huge impact on all countries around the world. This is causing increased trade protectionism and disrupting economic integration between countries — Zhu Bixin, Chairman of the Board of Directors, China Chengtong Holdings Group Ltd.

Laws governing Russian-Chinese trade and economic relations need to be revised

One of the main problems that we are encountering today is the need to synchronize phytosanitary, above all, and veterinary regulation between the People’s Republic of China and the Russian Federation because the requirements for the supply of various types of food to the People’s Republic of China are stringent. They differ from the requirements that we have now in the Russian Federation, and we would like to be able to synchronize these requirements with our colleagues — Dmitry Savenkov, General Director, Legendagro Primomorye LLC.

Russian-Chinese companies believe that the main challenges in bilateral cooperation are legal problems — above all licensing and the protection of intellectual property rights. These include financial aspects, such as the organization of remittances and repatriation of profits [return of profits on foreign investments in the country of origin for further investment], the structuring of projects in the appropriate legal framework, and issues related to marketing and consumer behaviour in Russia and on the Chinese market — Andrey Sharonov, President, Moscow School of Management SKOLKOVO.

Search for and work out new solutions to realize the potential of Russian-Chinese interaction

There is obviously much greater potential [for cooperation], and in the new realities we need to develop approaches for its realization [...] The agricultural sector and the development of the agro-industrial complex is one of the key areas of cooperation between Russia and China in the Far East [...] I am certain that agriculture could make a significant contribution based on the government’s plans to double the volume of trade by 2024 — Vadim Moshkovich, Chairman of the Board of Directors, Rusagro.

The situation with COVID has altered our work somewhat, but it has not stopped it. We have more online courses and, in particular, the ‘Pivot to the East’ course — a four-week intensive, online course — is popular, and soon, on 20 September, we will already be launching the second group — Andrey Sharonov, President, Moscow School of Management SKOLKOVO.

Support and strengthen existing areas of Russian-Chinese cooperation, particularly in the energy sector

Our countries, both being major global energy consumers and energy producers, have important advantages and excellent prospects for cooperation [...] We believe that under the leadership of the heads of our countries, we will be able to achieve great success in energy cooperation — Yang Huaiyi, General Director, Branch of Sinopec Overseas Oil and Gas Ltd.

We must continue to develop cooperation of mutually beneficial economic ties [...] Energy cooperation has always been a significant — and the most important — part of our cooperation — Yihe Chen, Chairman of the Management Committee, Energy Industry Corporation.

The Chinese market is very large. In order to form a solid foundation for the Chinese food industry, today we can gradually provide for more and more of its needs, primarily in the manufacturing of protein products, and not GMO soybeans or GMO corn — Dmitry Savenkov, General Director, Legendagro Primomorye LLC.

Attract foreign residents to the Free Port of Vladivostok and the advanced special economic zones that have been created in the Far East

In the preferential regimes of the advanced special economic zones and the Free Port of Vladivostok, 58 investment projects with the participation of Chinese investors are at various stages of development and implementation with a potential investment volume of USD 11.6 billion [...] I believe that there should be more such large-scale Russian-Chinese investment projects in the Far East. In addition, we are pleased to invite Chinese business communities to cooperate in the Arctic zone of the Russian Federation — Alexey Chekunkov, Minister of the Russian Federation for the Development of the Far East and the Arctic.

Our company plans to create a subsidiary resident company in an advanced special economic zone in the Russian Federation. We will have our logistics hub here and will contribute to the development of the Far Eas — Yang Ruobing, Chairman of the Board of Directors, MCC International Corporation.

The mechanism for the development of the Far East is constantly being optimized, and the policy of benefits and incentives for investments is also taking on a more complete vector, in particular, the creation of the Free Port of Vladivostok and a free economic zone [...] China is ready to incentivize any enterprises that can invest in the Far East, expand cooperation in the processing and manufacturing sectors, the joint extraction of resources, and the production of various chemicals as well as in the development of infrastructure, agriculture, forestry, transport, and customs logistics — Zhang Hanhui, Ambassador Extraordinary and Plenipotentiary of the People's Republic of China in the Russian Federation.

The material was prepared by the Russian news agency TASS