PRBA Signs Memorandum of Cooperation with Russian Business Council - Philippine Russian Business Assembly

PRBA Signs Memorandum of Cooperation with Russian Business Council

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Russia – Philippines: business council will help businessmen
On November, 09th, 2011

Today in ТПП the Russian Federation has passed constituent session of the Russian-Philippine business council (РФДС). Its chairman selects the president «Groups of companies the Spectrum», committee-man ТПП the Russian Federation on business in sphere of tourist, kurortno-recreational and hotel activity of Evgenie Konkol.

The Russian-Philippine business council became 68th business council created under the aegis of ТПП the Russian Federation. It will assist businessmen in development and strengthening of mutually advantageous bilateral economic relations. The basic attention will be given to small and average business as the large can quite force the way through.

Vice-president ТПП the Russian Federation George Petrov in the performance has noticed that the bilateral trade turnover lately has considerably increased, its growth in comparison with 2009 has exceeded 80 %, having made in 2010 1 млрд dollars. As to this year for the first half of the year it has exceeded 713 million dollars. It is expected that by the end of the year goods turnover between Russia and Philippines will pass for billion. 

Both states, George Petrov has noticed, communications, transport, tourism, agriculture are interested in attraction of investments, adjustment of cooperation in the field of power, telecommunications. It is assured that for the companies, made the decision to work in the Philippine market, all conditions will be created and that the contribution to it will bring created business council, George Petrov has underlined.

The first secretary of the third department of Asia the Ministry of Foreign Affairs of Russia Olga Kharlamov has noticed that diplomatic relations between Russia and Philippines total 35 years and promote forward development of political contacts, fruitful interaction of two states in the various international organizations. It has expressed hope that business council will bring the contribution to strengthening of political contacts.

The expert of department of the countries ATR of department of Asia and Africa of Ministry of economic development and trade of Russia Natalia Kuchmanova has informed that in January – September, 2011 bilateral goods turnover has reached 1,3 млрд dollars. Thus the Russian export has made 1,62 млрд dollars, and import – 284 million As to export structure its basic share is necessary on mineral products and hardware.

The honourable consul of the Russian Federation in Republic Philippines, the president of Filippino-Russian business assembly Armi Lopez Garcia has supported development of mutually advantageous cooperation and strengthening of relations at all levels. It has presented presentation of Philippines, its tourist potential and has told about activity of the business assembly directed on consolidation of the Russian-Philippine contacts.

Evgenie Konkol, having informed collected about prime actions of business council, has thanked ТПП the Russian Federation for the help and assistance in its creation. It has expressed confidence that РФДС becomes a system platform for development of multilateral business ties which will be directed on achievement of concrete results. Finally РФДС becomes not formal body, and well working, harmonious mechanism, she has underlined.

Within the limits of session has passed signing of the Memorandum of cooperation between the Russian-Philippine business council and the Filippino-Russian business assembly. Signatures under the document directed on strengthening of mutually advantageous cooperation, have put Armi Lopez Garcia and Evgenie Konkol.

Andrey Gorodnov,


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Apparently the wording of those forecasts have been improved with the v3

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