RUSSIA

From a regional perspective, the Russian Far East plays a complementary role to Asia as the region is rich in resources but lacks in light consumer goods such as electronics and textiles. Indeed, a strong connection between Hong Kong and the Russian Far East is evident from the visa-free travel arrangement and the recent introduction of direct flights between Hong Kong and Vladivostok. It is likely that Hong Kong’s role as a platform to the Russian Far East will strengthen. More

With its strategic location and good connectivity, the Russian Far East region can serve as a gateway to European Russia and even former Soviet states for Asian suppliers of light consumer goods. Besides, according to the World Bank’s estimation, the economic benefits from Russia’s imminent WTO accession will likely be higher for the region. More