japan-russia e i rltieconomic relationsthe g20 summit and the spirit of wto russian. japanese...

Japan-RussiaE i R l tiEconomic Relations

May, 2010Ministry of Economy Trade and IndustryMinistry of Economy, Trade and Industry

JAPANDirector for Russia, Central Asia and Caucasus Office

Kotaro HARA

The Third Japan–Russia Energy and Environment Dialogue Keynote Address HARA

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Contents

１ Current situation of Russian EconomyCurrent situation of Russian Economy１．Current situation of Russian EconomyCurrent situation of Russian Economy

２ Trade and Investment between Japan and Russia２．Trade and Investment between Japan and Russia

３ Current frameworks to encourage business３．Current frameworks to encourage business cooperation between Japan and Russia

1


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１． Current situation of Russian Economyy

2


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Russian economy : Recovery from recession

$140

$160

2500

3000 11th Jul, 2008

Highest value of WTI ($145)

$100

$120

2000

2500 5th May, 2008

Highest value of RTS index(2488)

$60

$80

1000

1500

$20

$40

500

000

12th Nov,2008f ($31)

$0 0

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09

Feb-

09M

ar-0

9

Apr

-09

May

-09

Jun-

09

Jul-0

9

Aug

-09

Sep

-09

Oct

-09

Nov

-09

Dec

-09

Jan-

10

Feb-

10M

ar-1

0

Lowest value of WTI ($31)

3

RTS index(LEFT scale) WTI crude oil price(RIGHT scale)

＊ＲＴＳ (Russian Trading System) index：Popular index of Russian stock-market＊ＷＴＩ (West Taxes Intermediate) oil price：Popular index of World oil-price


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T d d I b２． Trade and Investment between Japan and Russia

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Japan-Russia trade relation (1)

Amount of trade by countryTransition of trade between Japan and Russia

300

350$ 29.7 billion

y y

$ 100 million

Country Ratio/Amount($)

150

200

250

300

40％ＵＰ

Import Japan-Russia

Export Japan-Russia

RUSSIA1

$ 12.1 billion

CHINA19.7

$ 238.4 billion

50

100

150US

12.9

$ 156.1 billion

EU11.2

$ 135 5 billion

0

93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09

$ 135.5 billion

SOUTH KOREA5.9

$ 71.39 billion

5

出典：財務省貿易統計


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Japan-Russia trade relation (2)

Breakdown of import from Russia (2009） Breakdown of export to Russia(2009)

8.85 billion $ (△33.4％ ) 3.30 billion $ (△79.8% )

7.4%15.3%

10 8%

13.7%

Russia→JapanNatural resources etc.

Oil

Others Others

49.9%

8.1%

輸送用機器40.5%10.8%

Nonferrous metalElectric equipment

Transport machine

Reciprocalrelation

LNG

Rubber

19.3%12.6%

11.6%10.8%

Russia ← JapanTransport machine etc.

Coal

Fishery product Machinery

6

出典：財務省貿易統計


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Market on passenger vehicle in Russia

●The market on passenger vehicle in Russia expanded. Car Export from Japan to Russia increased rapidly until 2008.

日本からロシアへの自動車の輸出(中古車を含む）

●The market shrunk by the financial crisis.

Scale of Russian passenger vehicle market The amount of export cars from Japan to Russia(Including used car)

12.0%

14.0%

100

120

シェア（％）

日本からシアの自動車の輸出(中古車を含む）

数量（台）

Number of export(10 thousands)

12.6%

In 2008 1.04 million(used car 0.56 million)

10 thousands

300

350

(Including used car)

Share （％）

Number

6.0%

8.0%

10.0%

60

80

100 数量（台）

シェア（％）

318150

200

250Share

Number

0 0%

2.0%

4.0%

6.0%

0

20

40

3.3%

279

50

100

150

147

0.0%0

99 00 01 02 03 04 05 06 07 08 09 年

7出典：財務省貿易統計、日本自動車工業会出典：「エクスペルト」誌、Pricewaterhouse Coopers

In 2009 47 thousands (used car 22 thousands)

02007 2008 2009


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Protectionism (Ⅰ)

● Russian government raised import tariff of car to protect domestic car in January 2009.domestic car in January 2009.

The number of export cars since January 2009, shows sudden decrease when the import tariff of car was raised.

50,000

60,000

30,000

40,000

Number of new carsNumber of secondhand cars

10,000

20,000

8出典：財務省貿易統計

0


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Protectionism (Ⅱ)

● To raise import tariff of steel product● To raise import tariff of steel product Russian government raised import tariff of steel product from February, 2009.

●● To raise import tariff of LCD TV and plasma TVRussian government raised import tariff of LCD TV and plasma TV from 10% to 15%.

● Some other articles of import tariff were also raised.

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Protectionism (Ⅲ)( )

● Th i t th d l ti f● These measures are against the declaration of the G20 summit and the spirit of WTO Russian.

● Japanese government has requested Russian government to maintain Free Trade Policy.

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Current issues of Japanese companies in Russia

● Inadequate infrastructures・ Sea port facility : Shortage of abilities・ Railway system : Damage to freight by coldness in winter seasonRailway system : Damage to freight by coldness in winter season

High cost of transportationUnacceptable charge (ex. Protection fee)

● Inconsistent, inadequate and unclear Economic Policy・ Inconsistent of promotion-strategy (car parts)・ Inadequate of PPP (public-private partnership) policyq (p p p p) p y・ Unclear taxation policy (vehicle, steel, log etc.)

● Inconsistent and inefficient administrative procedure・ Complex・ Uncertain・ Different interpretation

11

・ Time consuming


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Japan’s efforts to improve business environment in Russia

● Negotiation with Russian government・ Russia applied to join GATT in 1993 and completed negotiation with Japan in 2005.

All t i t G i hi d t l t k t・ All countries except Georgia achieved mutual agreements on market access negotiation.

・ Japan encouraged Russia to accede to the WTO and to avoid protectionism.・ Establishment of one-stop investment service is encouraged.

● Japan-Russia Investment Forum( Japanese Government: Ministry of Economy, Trade and Industry,

Russian Government: Ministry for Economic Development etc. )

① the 1st forum: September 2006 Saint Petersburg (700 participants) ② the 2nd forum: February 2007 Tokyo (500 participants) ③ the 3rd forum: September 2008 Saint Petersburg (500 participants)

● Holding of intergovernmental working group on

12

Japan-Russia transportation cooperation


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Japan Association for Trade with Russia & NIS( ROTOBO )( ROTOBO )

● Outline of ROTOBO’s activities① Research, analyses & disseminating information.

(Lecture meetings seminars etc )(Lecture meetings, seminars etc.)② Networking. (Missions, invitations etc.)③ Business support.

（Secretariat of the Japan-Russian Trade and Investment Promotion Organization, Business-matching etc.）

④ Support for development of Russia & NIS countries. (Trainings etc.)

● Moscow Office● Moscow Office（ul. Akademika Pilyugina 24, Moscow）

http://www.rotobo.or.jp/

14Source：ROTOBO


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Japan External Trade Organization ( JETRO )

● Outline of JETRO’s activities① B i t f th J t i i R i① Business supports of the Japanese enterprises in Russia② Dispatching missions for investment ③ Consultation by experienced advisers④ Exhibitions (J-messe etc.) ④ ( )⑤ Business-matching through TTPP(Trade Tie-up Promotion Program) ⑥ Support center for investment

● M Offi● Moscow Office8th Floor ,Europe-Building 5 Bryanskaya St., Moscow

● Saint Petersburg Office5th Floor ,International Business Cooperation Center Building 6,

15

, p g ,Proletarskoy Diktatury St., St.Petersburg http://www.jetro.go.jp/


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