The Committee held a panel discussion on expanding business to China and Asia-Pacific countries

On March 30, the Civic Chamber of the Russian Federation held a roundtable on “Cross-border ICT transition: Expanding business to China and countries in the Asia-Pacific region”, organized by the Commissioner for rights of entrepreneurs with the President of the Russian Federation and the Russian-Chinese Committee for Friendship, Peace and Development.

We are witnessing global processes of reformatting international trade and strengthening economic ties with countries in the Middle East and the Asia-Pacific region. The majority of Russian companies in almost all sectors of the economy have managed to reorient their product supply from the West to the East, which confirms the steady growth in the volume of import-export operations. Only with China’s trade turnover for 2022. increased by almost 30% and reached 190.272 billion dollars, and this is not the limit. The development of transport and logistics infrastructure is in full swing, including the shortest land routes for containerized cargo transportation to China through the territory of Mongolia. Chinese automakers are actively interested in the Russian market and plan to set up their own electric vehicle assembly plants.

At the same time, in the framework of foreign economic activity, companies face difficulties due to the imposed sanctions. First of all, they are related to cross-border settlements and payments between counterparties, as well as access to a number of foreign services and blocking of accounts from Russia.

To avoid such restrictions, companies are using various options, including opening their representative offices in friendly countries of the EAEU and the Asia-Pacific region. In this case, certain risks must be taken into account – each country has its own requirements regarding the conduct of business and the protection of personal data, the use of business systems and access to the Internet.

During the roundtable, important questions were raised about how Russian businesses can adapt quickly to the ever-changing rules of the game, about alternatives to Western IT solutions, and about what Russian exporters and importers need to know when working in China and other Asian countries. countries.

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