Russia named as the Partner Country for Hannover Messe 2013
04 September 2012
The Russian Federation has been named as the upcoming Partner Country for Hannover Messe 2013.
Following the announcement, both the Russian Federation’s Ministry of Industry and Trade and the Deutche Messe AG expressed their confidence in Russia’s participation says that it offered important opportunities to intensify bilateral business and trade relations.
Dr. Jochen Köckler, member of the managing board of Deutsche Messe AG, said: “Russia is the ideal Partner Country for Hannover Messe 2013. The economic ties between Germany and Russia will continue to intensify and the potential for investment in the Russian market will exude a strong appeal to exhibitors and trade visitors.”
The Russian Government regards the event as one of the most representative events worldwide with regards to industrial, as well as scientific and technical innovation. The Russian Federation’s Minister of Industry and Trade, Denis Manturov, said: “I am convinced Russia’s participation as the Partner Country in 2013 will provide a strong boost to Russian/German relations.”
According to a survey by the Russian/German Chamber of Foreign Trade, German enterprises are planning to invest almost one billion euros in the Russian market during 2012. More than one half of all German companies operating in the Russian market do not expect the euro crisis to have an impact on their business performance. The survey indicates that trade with Russia might even compensate for losses incurred in the EU area. According to the Chamber, the positive economic trend in Russia led to a rise in exports in the first five months of 2012.
Russia’s accession to the World Trade Organization (WTO) is expected to unleash enormous potential. Following the decision to join the WTO there is now greater clarity about Russia’s future economic policy. Thanks to its high raw materials revenues, Russia offers sales opportunities for European exporters. Road vehicles, machinery and electrical engineering products are in high demand. The gradual opening of the domestic market in the wake of WTO accession will make it easier for foreign companies to carve out a position in Russia.
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