AGREEMENT ON ESTABLISHING A PLATFORM FOR ATTRACTING JAPANESE INVESTMENTS INTO RUSSIAN FAR EAST TO BE SIGNED AT EASTERN ECONOMIC FORUM
23 August 2016
The Far East Development Fund and the Far East Agency for Investment Promotion and Export Support are set to sign an agreement with the Japan Bank for International Cooperation (JBIC).
“The new platform will help to attract Japanese investors to the Russian Far East’s advanced special economic zones and the Vladivostok Free Port,” Minister for the Development of the Russian Far East Alexander Galushka said in an exclusive interview given to Xinhua News Agency.
“The JBIC’s participation in this project is sending Japanese business a signal that the Russian Far East can and should be viewed as a region for profitable business and investment. Furthermore, a number of projects being implemented in the Russian Far East are receiving concessionary financing from the JBIC,” Galushka said.
At present, Japan accounts for over 7% of all investments made in the Russian Far East using the new development tools.