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  • ALEXEY ULYUKAEV: THE TIME HAS COME TO MOVE FROM SIMPLE TRADE TO COMPREHENSIVE INVESTMENT PACKAGES

    19 July 2016

    The head of the Ministry of Economic Development of the Russian Federation met the Chair of the Japan–Russia Business Cooperation Committee of the Japan Business Federation Asada Teruo, according to a press release from the Ministry.

    During his visit to Tokyo, Ulyukayev met with representatives of the Japanese business community. During a business breakfast the Minister spoke about measures aimed at improving the investment climate, including the introduction of mechanisms to ensure a balance of obligations among all parties involved: the federal and local authorities, the investor, and the end consumer.

    Ulyukayev also informed those present of the special economic zones which offer investors a combined package of tax breaks, preferential rates, and safeguards. These include advanced special economic zones in the Russian Far East and the Free Port of Vladivostok.

    He also invited those present at the meeting to participate in the forthcoming Eastern Economic Forum, which will take place in Vladivostok on 2–3 September 2016.

    “All new joint projects presented at the Forum must be given a good start in life, providing them with the necessary resources so that they may grow to reach their potential,” said the head of the Ministry of Economic Development.

    Mr Ulyukayev noted the importance of regular meetings and of maintaining constant contact with Japanese business during a strained period for bilateral economic relations between Russia and Japan.

    “We believe that the time has come to move from simple trade to comprehensive, long-term investment packages. There has been a recent reactivation of our mutual contacts and the work of the Japan–Russia Intergovernmental Committee has restarted. We hope this will allow us to flesh out the eight-point plan which was discussed at the meeting between the Japanese premier and the Russian President.”