The Russian Export Center, RSTradehouse LLC and Progression Engineering (S) Pte Ltd, which is a legal entity of the Center for Overseas Promotion of Russian High-Tech Companies and the Presentation of investment projects, agreed to jointly develop national high-tech export to the countries of South-East Asia.
Russia-Singapore Business Council, with the support of SC “Rostec” , has created an infrastructure of Russian high-tech products promotion, which has two components: the international multilingual information and service B2B platform RSTrade (https://www.rstradehouse.com) and the Center for Overseas Promotion, serving as an integrator of international engineering cooperation of industrial and high-tech enterprises and presenting a permanent exhibition of Russian high-tech products in the showroom format. The signed agreement intends the joint use of this infrastructure for the promotion of Russian products in Southeast Asia, as well as the provision of financial and non-financial support measures of REC to Russian exporters, which are using these services.
The road-map will be developed in order to synchronize and increase the effectiveness of joint work.
Managing Director for International Development of the REC Anna Belyaeva, commenting on the signing of the document, noted that increasing the volume of high-tech export will promote the expansion of high-tech industries and the development of new technologies and products.
"The Russian Export Center has a wide range of instruments for supporting high-tech exports, both financial and non-financial. The agreement signed today introduces one more, I’m sure it will be useful and effective. South-East Asia is a rapidly developing region, it is extremely interesting from the point of view of scaling up supplies of Russian high-tech”-Anna Belyaeva said.
Sergey Pronin, CEO of RSTradeHouse LLC noted that the signing of the agreement opens the possibilities of using the infrastructure of the REC for both Russian and Asian companies. In addition, "Due to the fact that Progression is a Singapore company, which is an official member of the Singapore Business Federation, Singapore International Chamber of Commerce and a resident of Singapore's largest technopark TechPlace II, it uses the entire infrastructure and preferences of the Singapore government for the development of high-tech industries. Now these opportunities will be available to Russian companies. Singapore is the recognized financial, technological and logistics center of ASEAN, Russia - a similar center in the EEU. This opens wide opportunities for the entry of Singapore companies on the markets of the countries of the Eurasian Economic Union and for Russian companies - on the markets of the Association of Southeast Asia Nations. "
Russian Export Center JSC (REC) is a State-owned development institute established by the Government to support the development of the non-commodity exports industry/sector. REC offers a wide range of financial and non-financial support tools to benefit the Russian exporters explore the foreign markets and build capacity in the global trade. REC also acts as a focal point for interaction with the relevant domestic ministries and agencies and cooperates with key industries and business players in Russia to improve the export conditions in Russia and help bypass trade barriers. The Russian Export Center Group incorporates the Russian Agency for Export Credit and Investment Insurance (EXIAR JSC) and Eximbank of Russia JSC aiming to offer comprehensive integrated services to the export-oriented companies. REC offers its services to all the exporters of non-commodities’ products, goods and services with no industry restrictions. REC aims at providing the exporting companies with continuous support from the proposal and planning phase all the way to the successful completion of the export contract and implementation and beyond – including the e-commerce channels. https://www.exportcenter.ru
RSTradehouse LLC-an executive body of the Russia-Singapore Business Council
and operator of the information-service B2B e-platform RSTrade (www.rstradehouse.com), which promotes Russian non-resource companies on the markets of ASEAN countries and Singapore
companies on the markets of EEU. RSTradehouse LLC is the exclusive representative of a number of Russian companies in Singapore and the ASEAN countries and a number of Singaporean companies in Russia. www.rsbctrade.ru and www.rstradehouse.com
Progression Engineering (S) Pte Ltd (Progression)- Singapore company founded on the initiative of the Russian-Singapore Business Council with the support of the State Corporation “Rostec”. It is a legal entity of the Center for Overseas Promotion of Russian High-Tech Companies and Presentation of investment projects. www.progression.sg
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