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Slide 3-4 Europe and Spain have a strong trade relationship. Bilateral operate and investments continue to increase rapidly. For more than a decade the Relationship and Co-operation Agreement is the framework with the EU-Russia relationships, regulating the political and economic relations between your EU and Russia.

One of the many objectives of this agreement is definitely the promotion of trade and investment and also the development of harmonious economic relations between the EU and Russian federation. EU imports from Spain are, however , to a substantial extent certainly not subject to any kind of restrictions.

The recent WTO accession of Russia will prevent Russia coming from adopting partidista tariff outdoor hikes as is the case during the past. The new EU-Russia Agreement , currently below negotiation , should supply a comprehensive structure for zwei staaten betreffend relations with stable, estimated and balanced rules for bilateral trade and purchase relations. It will focus on enhancing the regulatory environment because they build upon the WTO guidelines and strengthen bilateral trade relations. The EU was a strong advocate of Russia’s WTO membership since the start of process towards the actual crescendo on twenty-two August 2012.

Russia’s WTO membership will gives a significant boost to increase development of the economic relationship between the EUROPEAN UNION and Spain. Slide 5 Russia is definitely the third trading partner with the EU and the EU the first trading partner of Russia. Operate between the two economies showed steep development rates right up until mid-2008 if the trend was interrupted by economic crisis and unilateral actions adopted by simply Russia that affected EU-Russia trade. Since 2010 common trade provides resumed it is growth getting record amounts in 2011. EUROPEAN UNION exports to Russia happen to be dominated by simply cars, medicines, car parts, mobile phones and parts and vehicles.

EU imports from Spain are dominated by recycleables, in particular, essential oil (crude and refined) and gas. For people products, as well as for other crucial raw materials, Russia has dedicated to freeze or perhaps reduce it is export tasks. The EUROPEAN is the most important buyer in the The ussr. It is estimated that approximately 75% of Foreign Direct Investment shares in Spain come from EUROPEAN Member Claims. Slide 6 Directions: 1) Energy sector 2) Recruiting 3) FDI 4) Systems Slide 7-8 Russia and the EU still disagree mainly over the problems surrounding the energy sector.

Russia is the most important provider to the EU not only in gas and essential oil, but likewise of coal and uranium. Its gas and oil exports take into account around two thirds of overall export earnings and revenues from this sector, and this plays a part in over forty percent from the federal spending budget income. On the other hand, the EUROPEAN UNION is a significant buyer of energy products the particular the EUROPEAN over-dependent on Russian coal and oil, which undermines the EU’s political confidence. This anxiety is a result of Russia’s efforts to work with this insecurity not only intended for economic aims, but also for personal purposes what give a surge to matter about future supply.

The energy partnership within the EU-Russia Energy Dialogue� is aimed at improving the investment chances in the strength sector to assure continued energy production, to generate and broaden transportation system as well as to reduce the environmental influence. Other significant objectives in order to encourage the opening up of one’s markets, to facilitate the industry penetration of more eco-friendly technologies and energy methods, and to enhance energy effectiveness and energy savings on the way to a low-carbon economy.

Go 9 A well-educated yet cheap labour force – could offer Europe with an important increase to its competitiveness as being a complex global economy comes forth. Russia offers access to an experienced and well-educated human resource pool area, letting companies recruit exactly where they job. Russia offers one of the most highly trained workforces on the globe, backed by a great educational program with a stable global status and producing professionals whom take up leading positions in areas such as normal and pplied sciences, encoding, R&D, engineering, etc . (7th in the world with 75 mil workers, 99. 4% literacy rate, 41 Russian Nobel laureates) The federal government has begun putting into action a program directed at finding tomorrow’s leaders and providing concern support to them. Go 10-11-12 For what reason? 2 . One of many Largest Consumer Markets 3. Internationally known Human Capital Vast All-natural Resources Exceptional Geographic Position Technologically Advanced Economic climate Attractive Taxation System Intensive Government Support Stable Interpersonal and Politics System

Russian federation has a comparatively small discuss of the EU’s total external FDI, by 4%, nevertheless this is actually much more than China’s. Despite that, the EU is by far the largest buyer in the Russian economy. On the other hand, it seems that a substantial part of the FI inflows, and also of the the latest increase, could possibly be Russian capital repatriated by abroad. Solutions have received between 50% and 60% with the total FI. Among the additional sectors, normal resources and manufacturing attract roughly equivalent amounts of FI (and near to their weights in Russia’s GDP).

But… •…the talk about of the energy sector is definitely larger in FDI (i. e., without Portfolio and “Other Investments”). The share of the energy sector in the FDI inflows in the period 1Q-3Q 2007 seems to have been nearly 2 to 3 of the total. •EU MS seem to be among the list of largest investors in nearly allthe sectors of the Russian economy. In other terms, Russia performance is not as bad as one may expect, which is not to say that there are not areas for improvement. There are, and one such is the legal framework.

Eu accounts for 4/5 of the accumulated direct investment in Russia, and the quantity of capital purchase in absolute terms has grown substantially over the past few years European busi-ness community ranked Russia third, while not Asian nor North American traders included it even in the leading dozen�  According to the computations done by the Institute of World Economy and International Relations, the burgeoning Russian trans-national companies, despite their global inter-ests, possess nevertheless concentrated 2/5 of their long-term foreign possessions in the EU�  According to the new long-term forecast of the Institute of World Economy and International Contact, the discuss of the EU-27 in the world’s GDP (calculated by the par index of the getting power of currencies) will go down from 21% in 2005 to 16% in 2020�. Because of this Russia’s more forward-looking markets will be not the traditional Euro partners yet China and also other large expanding countries. Slide 14 Solid Russian clinical knowledge provides excellent opportunities to get R, D partnerships with Russian exploration institutes and universities.

When Russia has some of the major oil and gas supplies in the world, some of them have become harder to recover. This is a great chance to introduce innovative technologies to produce new gas and oilfields. Additionally , critical technological areas are eligible intended for government co-financing on a competitive basis to facilitate r and d of progressive capabilities and leading solutions in: 2. Aerospace 5. Aviation 5. Shipbuilding * Automotive 5. Machinery 5. Metallurgy 5. Construction * Chemistry and pharmaceuticals 2. Nuclear physics * And many more. Interesting fact: Russia prospects the globe in the volume of annual spacecraft launches.