Moscow Regional Government advocates for localization of more Canadian companies in the region
On February 15, 2019, in the course of the Russian Investment Forum, Vadim Khromov, Deputy Chairman of the Moscow Regional Government, held a meeting with Nathan Hunt, Chairman of the Moscow Board of Directors of the Canada Eurasia Russia Business Association (CERBA).
According to the information provided by the Moscow Regional Government, the Russian side is interested in localization of some new Canadian business in the area in general and expansion of the presence of the existing companies, like John Deere, in particular. As reported by TV 360, Vadim Khromov specified that a possibility to open a small Canadian oil and gas manufacturing company was touched upon. In turn, Nathan Hunt was positively surprised by an offer of fringe benefits provided by the Moscow Regional Government for international investors, including an option of a transport tariff return in cases of exporting manufactured products by rail. To move forward, Vadim Khromov and Nathan Hunt reached an agreement to bring together several Canadian investors and the regional government to discuss opportunities for joint projects in the region in late March.
CERBA was founded as a not-for-profit organization in 2004 to advance and support trade, investment and good relations between Canada, Eurasia and Russia. Today, the organization consists of seven chapters – Calgary, Moscow, Toronto, Montreal, Ottawa, Vancouver and Almaty – and includes more than 140 member-companies. Besides lobbying Canadian business interests and networking, CERBA regularly holds and participates in informative events and conferences.