The prospects of cooperation between the Chamber of Commerce and Industry of the Russian Federation and the American Chamber of Commerce in Russia (AmCham Russia) were the discussion topic during the meeting of the Vice-president of the Chamber of Commerce and Industry of the Russian Federation Vladimir Padalko and AmCham President & CEO Alexis Rodzianko on July 17th.
The parties stressed that despite the difficult political situation the business between both countries continued and agreed that the statistics of mutual trade didn’t reflect the true scale of trade and economic relations between Russia and the United States. Alexis Rodzianko noted that according to AmCham Russia the volume of accumulated investments by US companies in Russia exceeded 80 billion US dollars which was several times more than the official figures.
According to Vladimir Padalko the development of relations with American business associations was an important area of the international activities of the CCI of Russia. AmCham Russia and the US- based US-Russia Business Council were the leading American business associations that supported trade and economic cooperation with Russia. Working relationships had been established with both organizations but there was a need to start closer cooperation, primarily in the area of interaction with small and medium-sized businesses.
Vladimir Padalko and Alexis Rodzianko agreed to consider the possibility of cooperation in the field of business missions and in joint preparation of the newsletter on American companies which were interested in entering the Russian market and in the involvement of Russian regional chambers and their members to participate in the annual business fair organized by AmCham Russia. The expansion of interaction between the branch committees of both chambers with CCI of Russia’s Committee on Economic Integration and Foreign Economic Affairs and CCI of Russia’s Council on customs policy could be another important goal.
Other issues of mutual interest were discussed.
By CCI of Russia news reports