Global Commerce Strategy
Russia has moved from a state-controlled economy to a stable and expanding market economy. It has matured to one of the world’s largest growing economies. With recent household demand and business investment in construction, manufacturing and services sectors, Russia has experienced strong economic growth Per capita incomes have risen and Russia’s middle class is becoming a positive force.
Russia needs foreign capital, partners and technology to reach its full potential. It is modernizing its industrial and agricultural infrastructure with opportunities in transportation, and industrial equipment for continual development. There is tremendous export and investment opportunities in agriculture and agri-food, mining, forestry, housing, services and communication technology. Canadian companies can capitalize on the opportunities Russia presents, but they face a number of challenges such as noticeable differences in cultural and business practices. (Foreign Affairs & International Trade Canada)
Special Economic Zones of the Russian Federation
Russia currently has 16 federal economic zones and several regional projects. As of March 2010 Russia’s federal special economic zones host 207 investors from 18 countries.