 Canada Eurasia Russia Business Association (CERBA), in co-ordination with the Russian Union of Industrialists and Entrepreneurs (RSPP), the Government of Canada and the Government of Russia has carried out “Canada-Russia Business Summit 2009”. Opening presentations of the Canada-Russia Business Summit were carried out by Viktor Zubkov, First Deputy Prime Minister of RF, Stockwell Day, Minister of International Trade of Canada, Alexander Shokhin, Presdient of the Russian Union of Industrialists and Entrepreneurs, and Piers Cumberlege, Chairman of National Board of CERBA. Within the limits of the Summit, various sessions have been carried out, which gave an additional opportunity for companies and official persons to discuss concrete problems in the following spheres: energy, mining industry, finances, investments, agribusiness, transport, aerospace industry, the Arctic and North, information and telecommunication technologies, as well as construction. Theme of presentation by Chairman of the Board of Directors of IC “SMOLENTSEV and Partners”, Ph.D., Academician of IIA, CMC, Konstantin Y. SMOLENTSEV was “Estimation of realities and prospects of international investment cooperation between Russia and Canada”. Mr. Smolentsev has supported the initiative of the President of Canada Eurasia Russia Business Association Nathan Hunt, who has suggested to start preparation and conclusion of Russia-Canada Agreement on protection of foreign investments. In his opinion, agreement would promote creation of legal base for conditions’ improvement of investment cooperation among business of Russia and Canada. One of the factors promoting reduction in price of credits for the Russian borrowers can become removal of taxation concerning percentage payment of credits. Among participants of the Summit were Alexey Bazhanov, Deputy Minister, Ministry of Agriculture; Claude Gauvin, Director International Energy Relations, Natural Resources Canada; Mark Gilbert, Director of Business Development and Sales for Russia, Bombardier Aerospace; Andrei Kostin, CEO and Chairman, Vneshtorgbank; James Francis Dinning, Chairman of the Board of Directors, Export Development Canada; Sergei Kruglik, Deputy Minister, Ministry of Regional Development, RF; Andre Asselin, Executive Director, Canada Mortgage and Housing Corporation; Ivan Obolentsev, President, Agroindustrial Union of Russia; Anatoly Karachinsky, President, Information Business Systems; Paul Betsis, Canadian Head of Cisco Russia and other heads of business circles and representatives of authorities of Russia and Canada.
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