MOSCOW (Sputnik) — According to the press release, government representatives and members of the business and expert communities discussed domestic production, business opportunities at a time of digital revolution and joint projects with Russian enterprises at the session.
"On March 23, 2016 the St. Petersburg International Economic Form held a panel session entitled 'New approaches in the Russian economy: localization and innovations' organized by the Roscongress Foundation jointly with the Boao Forum for Asia, as part of a programme of events abroad," the press release reads.
Arkady Dvorkovich, Deputy Prime Minister of the Russian Federation pointed out:
"In order to be able to compete with foreign products inside Russia, we need to do so outside Russia as well; otherwise this would not be open competition, as our business is constrained by barriers raised on other markets. For example, the cost of some merchandise groups is lower here than in China. Apart from openness and competition, investment and better management are also needed."
Commenting on the outcome of the event, Anton Kobyakov, Advisor to the President of the Russian Federation and Executive Secretary of the St. Petersburg Economic Forum Organizing Committee, noted that the event was constructive, having led to a number of agreements on further fostering partnership with the Chinese representatives during Russia's leading economic forums, SPIEF and the EEF.
"We expect the Chinese delegation to be widely represented at our country's major economic forums. Our Chinese colleagues are showing a great deal of activity and interest in these events. On our part, we are also aiming for a continued and steady expansion of our bilateral partnership and the progression of Russian-Chinese relations, in light of new market conditions," Kobyakov concluded.
The St. Petersburg International Economic Forum is an international economics and business event, which each year attracts over 10,000 political and business leaders, leading scientists, public figures and members of the media from all over the world to discuss the most pressing issues facing Russia and the global community. The 20th edition of SPIEF will take place on June 16-18, 2016, at a new venue, the ExpoForum Convention and Exhibition Centre.
On March 22-25, the BFA is held in southern Chinese city of Boao. The forum, which brings together government, business, and academic representatives from a number of countries aims to strengthen economic integration in Asia.
