Removing trade and investment barriers benefits both countries
Over the last fifteen years, Finnish companies have invested a total of one billion euros in the Russian forest sector. The projects have helped Finnish forest-industry operators to acquire valuable experience in the purchasing of local raw material for plants they are planning to build in Russia.
Most of the raw material that Finnish forest industry has imported from it’s eastern neighbour is of a type that is little used in Russia. Timber has to be imported because Finland's own supply of birch pulpwood is insufficient. Expansion of the Finnish owned sawmilling sector in Russia has also boosted imports of chips in recent years.