| ID | 100327 |
| Title Proper | Modernization and interaction Between Russian business and diplomacy |
| Language | ENG |
| Author | Shokhin, A |
| Publication | 2010. |
| Summary / Abstract (Note) | FRESH CHALLENGES arise before economic diplomacy now when Russia is pulling out of the crisis while there still lingers the threat of a new spiral of debt problems in the world economy.
It is not sufficient, in the prevailing situation, to create optimal conditions for key Russian exports, even though it is bound to remain an important job of our embassies and trade missions. It is more important to create conditions for foreign economic assistance in a bid to modernize the economy and make it more reliant on innovation.
Transformation of the economy calls for moving to a new level of interaction in several areas between business interests and Russia's embassies in other countries.
The first area is the legal framework of international cooperation in the economic sphere.
We have achieved appreciable progress over recent years with regard to international agreements in certain fields. The most striking example is the creation of the Customs Union. As regards Russia's joining the WTO, the talks are taking longer than planned. As for joining the OECD and signing a new agreement on partnership and cooperation with the EU, there has been no significant headway because WHO membership is yet to be a certainty.
I would also welcome more clarity as regards the operating multilateral agreements. It's fine to have hotlines open to business interests to thrash out problems of putting in place the Customs Union. It's bad when officials cannot anticipate possible problems.
It is of critical importance for business interests to know realistic time frames for concluding agreements, although this understandably depends largely on our partners abroad. |
| `In' analytical Note | International Affairs (Moscow) Vol. 56, No. 5; 2010: p.40-44 |
| Journal Source | International Affairs (Moscow) Vol. 56, No. 5; 2010: p.40-44 |
| Key Words | Russian Business ; Russia ; Diplomacy ; Modernization ; Economy ; WTO ; OECD |