Bicentennial Partnerships: Business Cooperation
Bicentennial Partnerships reflect American and Russian cooperation in a range of areas as part of the U.S. Embassy Moscow's commemoration of the 200th Anniversary of U.S. - Russia Diplomatic Relations.
Reaching Common Ground in Economics
Economic cooperation is a powerful example of common ground between the United States and the Russian Federation. As Russia develops a more diversified economy beyond oil and gas exports, American business and industry in Russia is helping with new jobs and expertise. There is also increased Russian investments in the American market -- making our economic relationship a genuine two-way street.
The U.S. - Russia bilateral agreement on Russia's entry into the World Trade Organization, signed in November 2006, is the single biggest achievement in economic relations between the two countries in over a decade. It resolves long-standing bilateral issues related to trade in agricultural goods, and also puts in place a strong and enforceable bilateral blueprint for protection and enforcement of intellectual property rights (IPR). More
American Business in Russia
There is remarkable vitality in the Russian economy and in American business growth in Russia. In 2005, American investment in Russia rose by nearly 50%, much of it outside Moscow, including Alcoa in Samara; International Paper in Svetegorsk; Coca Cola in Krasnoyarsk; and General Motors in St. Petersburg. Proctor and Gamble already employs more than 20,000 Russians, and its Russian business is now four-fifths the size of its China operations. Boeing employs 1300 high-end Russian engineers at its impressive Moscow design center, has concluded a long-term, multi-billion dollar deal for purchases of Russian titanium, and is seeking to expand its aircraft sales to Aeroflot and regional carriers. Intel has its own research centers in Nizhny Novgorod and Novosibirsk.
U.S. Government Support for Business in Russia
U.S. government programs have supported Russian policymakers and legislators as they complete the transition to a market economy and create a legal and regulatory climate that promotes investment, entrepreneurship, and the development of small- and medium-sized enterprises.
The U.S. Embassy Economic Section monitors and manages the full range of economic relations between the United States and Russia on behalf of the U.S. Department of State and other U.S. agencies. It advances U.S. economic and commercial interests by facilitating the formulation of U.S. economic policy toward Russia and promoting bilateral trade and investment.
The U.S. Agency for International Development has played a key facilitative role, working with Russian reformers in refining technical solutions to support economic reform and improve infrastructure as well as to strengthen small business and the investment environment.
The U.S Commercial Service offices in Moscow, St. Petersburg, Yekaterinburg and Vladivostok assist U.S. companies with successful Russia market entry by providing professional market research and customized contact facilitation services.
The U.S. Foreign Agricultural Service has primary responsibility for all U.S. Department of Agriculture (USDA) activities overseas: analyzing and reporting on trends in agricultural production, consumption and trade; negotiating and monitoring international trade agreements related to agriculture; working to improve foreign market access; and promoting exports of U.S. food, beverage and agricultural products.
The Department of Energy's (DOE) primary mission is to enhance U.S. national security and safeguard a stable energy supply for the United States. DOE has also expanded its bilateral energy cooperation with Russia, including areas such as energy production, energy conservation and efficiency, and development of renewable and alternative energy sources.