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Electronic presentation of the Report of the
Trade Representative of the Russian
Federation in Finland Mr. Shlyamin V.A.
September 24, 2004
Helsinki, Finland
Main Economic Indicators of Russia
2002
2003
(1-6)
2003
2004
(1-6)
2004
est.
4,7
7,7
7,3
7,4
6,7
345,7
192,1
433
259,4
553
Industrial output, %
3,7
6,8
7
7,4
7
Agricultural output,
%
1,5
-0,3
1,5
-1,2
0,7
Gross fixed
investment, %
2,8
11,8
12,5
12,6
11
Retail turnover, %
8,4
9,5
8,4
11,1
9,9
Exports, bln. USD
107,3
62,8
135,9
77,7
158,8
Imports, bln.USD
61
33,9
75,4
42,2
92,5
GDP, %
GDP, bln.
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Federation in Finland
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Forecasts for the development of Russia’s economy:
a) OPTIMISTIC SCENARIO
Оптимистический прогноз развития экономики России
Темпы роста доходов от
экспорта нефти Annual
growth of oil exports
revenues
Темпы роста ВВП Annual
growth of GDP
45
40
35
30
25
20
15
10
5
0
-5
2000
-10
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2001
2002
2003
2004
2005
2006
2007
Темпы роста инвестиций в
основной капитал Annual
growth of capital
investments
Темпы роста доходов
населения Annual growth
of income
Trade Representation of Russian
Federation in Finland
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Forecasts for the development of Russia’s economy:
b) PESSIMISTIC SCENARIO
50
Пессимистический прогноз развития экономики России
Pessimistic forecast for the Russian economy
Темпы роста доходов от экспорта
нефти Annual growth of oil export
revenues
40
30
Темпы роста ВВП Annual growth of
GDP
20
10
0
2000 2001 2002 2003 2004 2005 2006 2007
-10
Темпы роста инвестиций в
основной капитал Annual growth of
capital investments
-20
-30
Темпы роста доходов населения
Annual growth of income
-40
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Federation in Finland
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DEVELOPMENT TRENDS OF RUSSIAN ECONOMY
-The average annual GDP growth in 1999-2003 was 6,3%, mainly
due to the favorable foreign markets situation.
- State policy for rising competitiveness of Russian industry,
updating of industrial enterprises (liberalization of tax and
customs policy, states help to high technology production, state
support of exports).
- Diversification of Russian economy.
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Trade Representation of Russian
Federation in Finland
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TRADE BETWEEN RUSSIA AND FINLAND
An important trend in strategic cooperation between Russia and Finland is
a dynamically developed trade, rates of growth of which are higher than the
growth of trade between Finland and EU.
Темпы прироста торговли Финляндии со странами ЕС и Россией
Annual growth in Finnish trade with EU member states and Russia
1999 = 100
140
121,3
120
108
100
78,5
%
80
ЕС EU
66,2
60
Россия Russia
49,8
40
19,6
20
14,6
13,9
11,3
1
0
1999
2000
2002
2001
2003
11,5
2004*
годы years
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Federation in Finland
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 In the period of January – June 2004 Russia was on turnover the third foreign trade
partner of Finland after Germany and Sweden. Its share in the Finnish foreign trade
turnover is 10,6% and the dynamic of growth of trade is the highest in comparison
with Finland’s other leading trade partners.
Темпы прироста внешнеторгового оборота Финляндии с ведущими странами партнерами
Annual growth of Finland's foreign trade turnover with main trade partners
1999 = 100
140
Россия
Russia
120
100
%
80
60
40
Швеция
Sweden
Германия
Germany
20
0
2000
2001
2002
годы years
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Federation in Finland
2003
США
USA
2004*
7
NEIGHBOURING AREA ECONOMIC COOPERATION
• Neighbouring area trade – is an important element of multilevel Russian – Finnish
transboarder cooperation which forms the zone of trust in the North of Europe and
serves for the development of all–European integration processes on the regional
level.
• Neighbouring area trade makes a real contribution to the forming conditions of
boarder “transparency” between our countries and actively contributes to the
economic development of neighbouring areas.
• Russia and Finland are equally interested in the elaboration of the Joint Plan of
Actions for the neighbouring area cooperation in the medium-term perspective for
the purpose of the attraction of additional investments in the development of
infrastructure, manufactures and services on the neighbouring territories.
Concept of the neighbouring area
cooperation in Russian Federation
(approved by the Government of
RF on 09.02.01,. № 196-р)
Finland’s Government Strategy on
cooperation between neighbouring
areas for the period of 2004 – 2007
(approved by State Council on
22.04.04)
Joint Plan of Actions for the neighbouring area cooperation
in medium-term future
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Federation in Finland
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STRUCTURE OF RUSSIAN – FINNISH TRADE
STRUCTURE OF RUSSIA’S EXPORTS TO FINLAND
• The main item of Russian exports to Finland is raw materials: the share of raw
materials amounts to 89%, 64% of which are fuel and energy. The share of
machinery and equipment is 1,4%.
• The raw materials structure of Russian exports is a serious obstacle for the
future development of Russian – Finnish trade.
STRUCTURE OF RUSSIAN - FINNISH EXPORTS IN 2004 (1-6)
Machinery,
transport
equipment
1%
Basic
manufactures
11%
Wood
10%
Other
1%
Crude materials
8%
Chemicals
7%
Coal
5%
Electricity
5%
Gas
10%
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Oil
42%
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Federation in Finland
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STRUCTURE OF RUSSIAN IMPORTS FROM FINLAND
• In Russia’s imports from Finland the share of manufactured goods
amounts to 75,9%, the share of raw materials - 24,1%.
STRUCTURE OF RUSSIAN - FINNISH IMPORTS IN 2004 (1-6)
Miscellaneous
manufactured
8%
Road vehicles
8%
Food and animals
5%
Crude materials
Other
1%
4%
Electric machinery
8%
General industrial
machinery
4%
Machinery for
specialised
industries
6%
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Telecommunications
22%
Trade Representation of Russian
Federation in Finland
Mineral fuels
2%
Chemicals
14%
Basic
manufactures, incl.
paper
18%
10
INVESTMENT COOPERATION
• Investment cooperation is one of the perspective trends of the
strategic cooperation between Russia and Finland
• Russia’s share in the whole volume of the accumulated outward
Finnish investments in 2003 was less than 1%.
• At the beginning of 2004 the volume of accumulated Finnish
investments in Russia totaled USD 1,02 bln., of which:
- Direct investments
- Portfolio investments
- Other investments
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Federation in Finland
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USD 540 mln.
USD 17 mln.
USD 466 mln.
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Trends of Russian – Finnish economic cooperation, which could
positively change the structure of mutual trade:
• Development of different forms of industrial cooperation between enterprises,
including subcontracting of the SME business and first of all, in the neighbouring
areas.
• Establishing in Russia, particularly on the neighbouring territories, high-tech
parks and business incubators with the participation of interested Finnish
universities and firms.
• Cooperation in informatics, bio and medical technologies taking into account
the potential of North Western and European parts of Russia.
• Improving cooperation in the forest sector towards rising the efficiency of use
of forests, establishing joint-stock pulp and paper mills, woodworking works.
• Widening of cooperation in the construction of arctic class vessels
(icebreakers, lifeboats and oil spill boats, tankers)
• Joint implementation of ecological projects in the Baltic sea region.
• Widening of cooperation in energy sector (construction of gas pipelines,
updating of electric power lines and electric power stations, hydro power
stations, boiler-houses using bioenergy, including small heat stations).
• Getting advantages from European - Asian transit.
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Federation in Finland
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Federation in Finland
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