The Canada Eurasia Russia Business Association has a network of seven chapters located in Moscow, Toronto, Montreal, Ottawa, Calgary Vancouver and Almaty, and a membership base of over 200 corporations and individuals in a wide range of sectors. As an association, CERBA provides an extensive network of contacts with frequent networking events, informative seminars on pertinent topics in the Eurasian market for Canadian companies, an annual National Conference, a quarterly printed Newsletter, committees of the Canada-Russia Business Council (CRBC), access to annual trade missions, as well as market intelligence, advocacy on government policy, and active, Canada-focused sector committees.
Dear CERBA members and friends,
You may be aware that since 2011, CERBA has been a participant in the International Council for Cooperation and Investment (ICCI) - an organization bringing together the Russian Union of Entrepreneurs and Industrialists (RSPP) and all of the bi-lateral and multi-lateral business associations that operate and represent their member firms in the Russian Federation. ICCI is committed to increasing cooperation on investment issues between Russia and all of its trading and investment partners. During the current Ukraine crisis, ICCI has met several times to assess the effects of the crisis, the sanctions and embargoes imposed by western countries and Russia and to try and develop a common front for business in respect of the current and potential damaging consequences of the conflict. Please find below a copy of the Common Statement of the ICCI issued on 16 September, which was approved unanimously by all participant organizations of the ICCI. In addition to CERBA and the RSPP, ICCI participants include the American Chamber of Commerce in Russia, the US-Russia Business Council, the Association of European Businesses, the Russo-British Chamber of Commerce, the Japanese Business Club, the Russian-German Chamber of Commerce, the Franco-Russian Chamber of Commerce, and many others.
National Chair Lou Naumovski was one of the initiators of the meeting and
participated in the drafting of the Statement, which expresses the
hopes of all CERBA members that all parties to the dispute can reach a
peaceful, lasting resolution and that all countries involved can work to repair
damaged trade and investment relations.
Common Statement of the ICCI Meeting Participants
Moscow, September 16, 2014
2. The unacceptable loss of lives and the suffering of innocent people constitute one of the worst humanitarian crises in Europe since the Second World War. We welcome the ceasefire and urge all parties concerned to take immediate steps towards a peaceful resolution of the conflict. All governments concerned must come together to achieve a diplomatic resolution of the current situation.
3. Russian and international companies active in Russia call for an immediate cessation of hostilities and a de-escalation of the current political situation.
4. Define how mutual sanctions can be avoided and rolled-back. Sanctions damage economic growth, restrict growth in employment, and retard prospects for a global economic recovery. The Russian economy may shrink by 0.3% this year and fall 1.8% year on year in 2015 should the current sanctions continue. The EU is expected to lose 0.3% of GDP this year and the equivalent of 0.4% in 2015 as the result of Russia‚Äôs retaliation through import bans. Ultimately, the economies of all European countries will suffer and there will be considerable negative impact on the global economy as well.
5. As representatives of the wider business community we are not only guided by economic concerns, but also by concerns for employees and their families, as well as for thousands of citizens of our countries who may lose their jobs as the result of economic contraction. Foreign companies active on the Russian market and their Russian partners wish to continue their cooperation that has proven to be beneficial for all participants over the past decades.
6. All fora and public platforms should be used to resolve the current situation and to put an end to the violence in Ukraine, the persistent threats and the resulting downward spiral caused by sanctions and counter-sanctions. We fully support the Trilateral Contact Group process.
7. We call on all governments and the international community to marshal all efforts for establishing peace in Ukraine.
8. We call on our governments to continue working together with the business community on improving the investment climate and restoring confidence.
Current day's noon foreign exchange rates from the Bank of Canada. Published at about 12:30 ET.
50.8130 RUB = 1 CAD 2014-12-19 Bank of Canada noon
0.7029 EUR = 1 CAD 2014-12-19 Bank of Canada noon
0.8599 USD = 1 CAD 2014-12-19 Bank of Canada noon
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