InfoWatch Group, a Russian developer of integrated enterprise security solutions, and Russian Trade Representative Offices Abroad have initiated joint promotion and marketing of domestic products in Malaysia, Thailand, Vietnam, and Indonesia, following the roadmap adopted by the Russian Ministry of Economic Development.
“To my knowledge, this is the first case in practice when such a mechanism of direct government support and opportunities available to Russian Trade Representative Offices Abroad are given to a private company exporting Russian high-tech products,” said Vladimir Shutemov, Chief International Business Development Officer, InfoWatch Group. “I would like to thank the government agency in charge, the Russian Ministry of Economic Development, as its well-timed, sound and constructive response to the situation in the industry and the market needs has become a key driver for this new mechanism to appear after all. If this pilot project proves to be effective, it will be a good sign for the entire domestic IT industry, as InfoWatch experience in the projects jointly implemented with the trade representative offices can easily become a common industry practice in the future, I am confident.”
Subject to the adopted roadmap, the Russian Trade Representative Offices in Malaysia, Thailand, Vietnam and Indonesia will assist the company in its initial negotiations with foreign customers, listing of potential consumers, and arrangement of discussions between InfoWatch representatives and interested foreign organizations.
Russian Trade Representative Offices Abroad are government agencies that represent all the interests of the Russian Federation when it comes to foreign economic activities and ensure that the Russian Federation and its constituent entities perform effectively in the global economic landscape.
Subject to the Russian legislation, the Trade Representative Offices provide free-of-charge information and consulting support as required to Russian organizations involved in foreign economic activities, regardless of their form of ownership, size of authorized capital, and place of registration.