Reaching Out to U.S. Businesses to Do Business in RussiaJune 10, 2013
Joe Wereszynski is an International Trade Specialist in the International Trade Administration’s Office of Russia, Ukraine and Eurasia.
As we discussed last week, we at the International Trade Administration’s (ITA) Office of Russia, Ukraine and Eurasia have been working hard to tell American businesses about doing business in Russia. Since last year, we’ve held a series of webinars, visits and consultations to help businesses understand our new trade relationship.
We will also participate in this month’s International Economic Forum in St. Petersburg. This forum will have participants from around the world and one of the key focuses will be the importance of capitalizing on new opportunities.
We see the Russian market as a new opportunity for many businesses and are working hard to make sure our trade relationship stays on the right path and American businesses understand how to navigate it.
“Standards and conformity assessment barriers are the number one trade barrier by volume around the world,” says Deputy Assistant Secretary for Europe and Eurasia Matthew Murray. “We see clear value to getting ahead of these issues, identifying problems early, and making sure U.S. exporters are aware of the rights and resources at their disposal.”
Our team has given presentations on our evolving trade relationship with Russia, and how ITA can help businesses overcome trade barriers and do business with Russia.
One such presentation was in late September, on the margins of the 2012 Russian-America Pacific Partnership (RAPP) forum held in Tacoma, Washington. Mr. Murray spoke in a series of events and held one-on-one meetings with companies across the state.
Washington plays a vital state role in conducting foreign trade; it’s the 7th-largest state export volume and was the 5th largest state exporter to Russia. The state’s increase in exports to Russia from $247 million in 2010 to $445 million in 2011 directly supported over 1,400 American jobs.
During 2012 and 2013, our office helped to organize additional roundtable events with U.S. companies on the benefits of Russia’s WTO membership in eight cities including New York, Moscow and Boston. In June 2012 hosted a webinar that reached over 100 participates across the United States.
We continue to listen. If you want to learn how to do business in Russia, please contact your nearest Export Assistance Center for assistance. We look forward to helping American business sell their goods and services in Russia, taking advantage of our new trade agreement.