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2005 Trade Missions

Trade Mission to Krasnoyarsk

Top Company Representatives Attend Investment Forum

On April 6-8, AmCham conducted a Business Development Mission to Krasnoyarsk. The Chamber‘s delegation included senior representatives from Avaya, Dupont, OPIC, Shell, Tablogix and Ward Howell. The mission was scheduled to coincide with the 2nd Investment Forum of Regional Development of Krasnoyarsk Krai.

Trade Mission to Perm

AmCham Members Explore Business Opportunities in Perm Dec. 8-9, 2005

Members of an American Chamber of Commerce in Russia trade mission were among the first foreign official delegations welcomed to the newly created Perm Krai. Formed on Dec. 1, 2005, after the merger of Perm Oblast and Komi-Perm Autonomous Okrug, the region’s business and political leaders welcomed representatives from five businesses interested in regional expansion.

The trade mission took place as follow-up to then Acting Governor of Perm Oblast Oleg Chirkunov’s participation in an AmCham Regional Briefing in October 2004. Chirkunov is now Perm Krai’s first governor.

The Trade Mission, held Dec. 8-9, gave five Chamber member companies – DuPont-Russia, Subway, Sun Microsystems, York International and Coca-Cola HBC Eurasia – an opportunity to explore for themselves the investment opportunities of the krai.

After a meeting with Victor Zamaraev, president of the Perm Chamber of Commerce and Industry, participants were kept to an extremely packed schedule of business meetings with Perm companies interested in investments and expansion of their businesses. The delegation also had two private meetings with the Perm Krai Administration and one general meeting with Deputy Governor Mikhail Antonov, who is responsible for the Department of Economic Development, the Department of Agribusiness and Food. During the meeting, Antonov made a detailed presentation of the region, stressing the administration’s special investment policy, based on reducing business costs through tax breaks (discounted rates for small business and no sales tax), land policy (purchase prices at half the Russian average), tariffs regulation (constraints on tariff increases and electricity rate hikes) and infrastructure development (2005’s budget allocated $50 million to road construction and modernizing the energy infrastructure).

During a question-and-answer session, administration officials also spoke about average regional salaries, plans for home construction, and support of both sports and scientific programs. In closing the meeting Antonov assured the delegation that the administration was quite open to dialogue and ready to support large investment projects, as well as the development of small businesses in the region.

About Perm Krai

Perm Krai has a diverse resource base and developed economy. With its well-developed infrastructure, as well as its potential for innovation potential, the region is among the most dynamically developing areas of Russia. In 2004 gross regional product amounted to RUR 280 billion (about $9.7 billion). The region today is among the "donor" regions to the federal budget.

Perm Krai is the fourth richest area of Russia in mineral reserves and among the leaders in Russia in minerals stocks. The main industry sectors are fuel (oil and gas), chemical and petrochemical products, machine building, metal working and wood processing. The region has steadily been increasing its share of foreign investment ($567.8 million in 2003 and $642.3 million in 2004), with the U.S. accounting for 36 percent, Germany – 20 percent and the U.K. with 14 percent.