Module : MKT10901 Emerging Markets (Hong Kong)
Topic : Emerging Market in Russia
Local Tutor is Stephen Li (s.li@cityu.edu.hk)
Student Name : Huen Ho Ki
Edinburgh Napier University student no. : 40073098
Scope, City University of Hong Kong student no. : 52652990
Word Count : 1982
Executive Summary
Russia is a country which has rich natural resource with Europe’s largest population of more than 140 million, this shows Russia’s heavy weight as a player in global trade, also indicates the potential benefits that the country can bring to other WTO members upon accession.
Being one of the emerging country, Russia does have unlimited potential to develop into a country flourish. His daily necessities exports rely mainly on the field the introduction, including Asia and Europe. Russia aspirations to localize consumer goods production would provide new opportunities for Hong Kong companies, especially parts and components suppliers of electronics, footwear and apparel.
Meanwhile, weakness and threats of Russia has to be considered about. As the Russian terrain is rather special, the island is more dispersed, so that a large population of investment in power becomes relatively weak, because of the lack of experienced manpower, and most people prefer the money be converted into cash by their own savings, the relative impact of the future development of the investment environment.
It is not an easy task to be succeeded in Russia, investors must weigh the risks and the work entailed to ensure the integrity of its compliance regime. Addressing these challenges starts with knowing where jurisdictional authorities draw lines with regard to compliance, lines that are sometimes arbitrary and inconsistently applied but nevertheless, enforceable.
Potential Market
Although Russia is still not a member of the WTO, its trade and business regime the liberalization of its trade and business regime is keep going to open to public