Armi Lopez Garcia: Concerning the development of Philippine-Russian business relations

Asia’s goods factories are looking for new opportunities to connect with Europe. By opening up new and expanding old transport corridors, Russia is playing an increasingly important role in the Eurasian Economic Space. The country is approaching the St. Petersburg International Economic Forum with a new Spatial Development Strategy, envisaging progress in high-speed communication lines and growing capacity of many important railways.

The article discusses key issues related to the development of the Caspian region. The main direction of international cooperation in the development of this territory is the intensification of trading activities, which in turn will allow all countries in the region to increase their economic potential. Already today, the Caspian region attracts the attention of investors and in order to further strengthen trade activities, it is necessary to overcome the obstacles that today have a negative impact on the development of cooperation in the Caspian space. Within the framework of a large Eurasian region, the Caspian basin plays a significant role and, in case of successful development of infrastructure in this region, can bring economic benefits to all participants in trading activities.

In a joint report, two leading credit rating agencies from China and Russia, China Chengxin International Credit Rating Co, Ltd (CCXI) and Expert RA, analyze the current state of economic cooperation between the two countries.