Philippines – Russia To Cooperate In Broadening And Seeking New Business Relationships

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The Philippine Chamber of Commerce and Industry (PCCI), the country’s largest business organization, and the Roscongress Foundation of the Russian Federation, have signed an agreement whose main focus is to encourage cooperation on enabling effective communication between expert communities, business leaders, and political leaders in the Philippines and the Russian Federation.

The agreement was signed by PCCI president George T. Barcelon and Roscongress CEO Alexander Stuglev on May 23, 2017, in Russia.  The cooperation involves implementing efforts to broaden and strengthen existing business relations, and to seek out and develop new and long-term business partnerships.

Barcelon said that after almost 70 years in which Russia and the Philippines exchanged very little information, the lack of knowledge about trade and investment potential and important economic events capable of stimulating business ties between the two countries had become a major obstacle to business growth.

The parties hope to overcome this obstacle by developing cooperation and establishing effective communication. Barcelon headed the private sector delegation that accompanied President Rodrigo R. Duterte in his official visit to Russia.

Stuglev said that an agreement had been reached to create joint international communication platforms, and to maintain a dialogue on cooperation in investment and finance, exports and imports, and tourism and culture.

Among those who witnessed the signing were Trade and Industry Secretary Ramon Lopez and Presidential Advisor Joey Concepcion on Entrepreneurship.

The Roscongress Foundation, the largest operator of conferences and exhibitions in Russia, facilitates the development of Russia’s economic potential and strengthen the country’s image by organizing conventions, exhibitions, and public events. (PCCI Press Release)

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