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East Russia Economic Agenda

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East Russia Economic Agenda А. Galushka: «We will continue to improve the Country dialogues: ASEZ and Free Port of India, China, Japan, Vladivostok schemes» Republic of Korea EEF participants on the Business circles request future of the oil and gas extension of current Eastern Economic Forum: chemical industry electricity tariffs Creating a New Reality EAST RUSSIA No. 10 | SEPTEMBER 2017 ECONOMIC AGENDA Resident of the Free Port Investor in the Free Port of Third resident of the Free Large-scale prefabricated of Vladivostok to open a Vladivostok builds a resi- Port of Vladivostok creates shopping mall to be built in medical centre dential neighbourhood a customs control zone Primorye Resident of the Mikhai- Investor in the Komsomolsk Large apartment block with Investor in the Free Port of lovsky ASEZ opens a new ASEZ to construct another an office centre to be built Vladivostok to create an in- grain elevator complex plant in Ussuriysk dustrial coal mining cluster MORE THAN JUST FISH When the Far Eastern Federal District will produce enough meat and fruits of its own Shigeru Murayama: Development of relations between Investment passport: Russia and Japan must be supported Magadan Oblast Official Bulletin of the Ministry for development of the Russian Far East. This document was prepared by The Far East Investment and Export Agency, an autonomous non-commercial organization. Distributed by email subscription. When using materials, reference to the source is required. SEPTEMBER 2017 EVENTS Vladimir Putin: "Dynamic growth of the region one of our absolute priorities" Russian President participates in plenary session of the Eastern Economic Forum processing plants, bring in technologies, cre- ate new jobs and add value," concluded Vlad- VLADIMIR PUTIN LAUNCHES FIVE imir Putin. NEW ENTERPRISES AT THE FORUM The President also mentioned that indus- The new enterprises include an ore mining and trial production growth in the Far East has processing operation on the Drazhnoye gold- been ahead of average growth in the Russian field in Yakutia and the mining and smelt- Federation (8.6%) over the past three years. ing operation Polyus PJSC in Magadan Oblast, Gross regional product grew by 4.2%. Fixed the Amursky oil-extraction factory (the first capital investments in the first 6 months high-level soybean processing plant in Russia) grew by almost 20%. in Amur Region, the KGK Group diamond factory Vladimir Putin noted in his speech what in Primorye, and a dry-end production factory in had already been achieved in terms of com- Khabarovsk Territory. Total private investments prehensive development of the Russian Far will reach RUB 67 billion. East, as well as specified several areas for Managers of the enterprises informed the Pres- improving the lives and working conditions ident on the course of implementation of the of citizens in the Far East to which special investment projects and estimated volume of attention should be paid. According to the production. Vladimir Putin emphasized the im- President, it is important to create efficient portance of developing high-technology enter- stimuli for the growth of business activi- prises in the Far East, and noted the market de- ties in the Far East, as well as provide a mand for the such products. In a speech at the plenary session of the comfortable business environment across EEF, the head of state spoke about his vision the entire region. An important step in of potential for cooperation in the Far East this direction will be to lower energy tar- THE PRESIDENT APPROVED and Russia's approaches to regional econom- iffs to the average level in Russia. In addi- A LIST OF INSTRUCTIONS ic integration. tion, the President promised to extend the FOLLOWING HIS WORKING TRIP The President said that dynamic growth income tax benefit period for major long- TO THE FAR EASTERN FEDERAL and modernization of the Far Eastern region term projects being implemented within DISTRICT were among absolute priorities, and were the the scope of the ASEZ and the Free Port By the end of the year, the Government most important part of a strategy for improv- of Vladivostok; the respective legislative of the Russian Federation has been instructed ing the competitive power of Russia, as well amendments will be prepared by the Min- to oversee the introduction of amendments as its economy and human capital. istry of Finance of the Russian Federation to Russian legislation that will guarantee "Considerable financial and organization- in the near future. The second aspect re- stable legal and tax conditions to residents al resources are concentrated in the Far East. lates to the creation of a modern social in- of Advanced Special Economic Zones (ASEZ) A powerful stimulus for development was frastructure. The President also focused on in the Far Eastern Federal District and preparation for the APEC summit in 2012. The the development of an effective youth pol- residents of the Free Port of Vladivostok for 10 summit created an opportunity to re-open the icy as well as additional measures for de- years. Residents who open new production Russian Far East to the whole world, as well as mographic improvements. lines before 31 December 2025 will enjoy to business in the Asia-Pacific Region," noted Vladimir Putin underlined that "the eco- lower rates for insurance premiums. In Vladimir Putin. The President proposed that nomic potential of the Far East must be de- addition, further measures will be developed partners from Japan, the Republic of Korea veloped in tandem with the improvement of to simplify granting of Russian citizenship and other countries continue the implemen- its social sphere." to foreign investors. tation of joint projects and connect access to "The work will take many years but we be- A full set of instructions relate to the so- the country's natural resources to investments lieve that together we will succeed in imple- cial and demographic development of the in their processing. "The approach should be menting all our plans. The Russian Far East region. The President specifically instruct- very simple: if someone wants priority use of will definitely become successful, in a way vi- ed the adoption of a series of measures to raw materials, marine aquaculture, forest plots sualized and striven for by the people who stimulate the business activities of small- or deposit development, they should construct live here," concluded the Russian President. and medium-sized businesses. 3 EASTERN RUSSIA ECONOMIC AGENDA EASTERN ECONOMIC FORUM — 2017 THE RUSSIAN FAR EAST: Creating a New Reality VLADIVOSTOK, 6–7 SEPTEMBER 2017 RUB — total value of the 217 investment 2,496 agreements signed at the forum 4 SEPTEMBER 2017 EVENTS President of Russia President of South Korea Prime Minister of Japan President of Mongolia Vladimir Putin Moon Jae-in Shinzō Abe Khaltmaagiin Battulga PLENARY SESSION The key event of the Forum was the plenary session "The Russian Far East: Creating a New Reality", and was attended by the President of the Russian Federation Vladimir Putin, President of the Republic of Korea Moon Jae-in, President of Mongolia Khaltmaagiin Battulga, Prime Minis- ter of Japan Shinzō Abe. The session was moderated by Mr. Ronnie C. Chan, Chairman of Hang Lung Properties. 5 EASTERN RUSSIA ECONOMIC AGENDA EEF BUSINESS PROGRAMME In total, 83 events were held at the Forum. There were four main areas of discussion: • "Economic Policy in Russia's East. What to Do Next?"; • "How to Do Business in the Far East"; • "We are Neighbours: Make Money in Cooperation"; • "The Far East: New Quality of Life, Meeting the Chal- lenges." As part of the Forum there were also 5 country busi- ness dialogues ("Russia — China, Russia — Republic of Korea, Russia — Japan, Russia — ASEAN, Russia — In- dia: Discovering New Opportunities"). First Deputy Prime Minister of the Russian Federation Igor Shuvalov and Presidential Aide Andrey Belousov Minister for Development of the Russian Far East Alexandr Galushka and Yury Trutnev, Deputy Prime Minister of the Russian Federation and Plenipotentiary of Minister of Industry and Trade of the Russian the Russian President in the Far Eastern Federal District Federation Denis Manturov 6 SEPTEMBER 2017 EVENTS South Korean Minister of Foreign Affairs Kang Kyung-wha, Russian Minister of Foreign Affairs Sergey Lavrov AGREEMENTS PARTICIPANTS At the Forum, 217 agreements worth a total of RUB 2 trillion 496 billion were signed (agree- MORE THAN ments without the trade secret status). The largest of them are as follows: • an agreement between the Far East Development Corporation JSC and Eastern Oil and Chemistry Company JSC about the implementation of an investment project for construct- ing oil processing and oil chemistry plants for production of Euro-5 fuel and other oil 6,000 chemistry products — investment value: RUB 630 billion; people from over 60 • an agreement between the Ministry for Development of the Russian Far East and Nakhod- countries participated in the kinsky Mineral Fertilizer Plant CJSC about the construction of the Nakhodkinsky Mineral Fertilizer Plant — investment value: RUB 387.7 billion. Eastern Economic Forum heads of Director General of the Far major foreign East Development Corporation companies Denis Tikhonov; Director 103 General of Gazprom Processing heads of Blagoveshchensk LLC Igor Afanasyev; Minister for leading Russian Development of the Russian Far companies East Aleksandr Galushka; Deputy 240 Prime Minister of the Russian MORE THAN Federation, Plenipotentiary of the Russian President in the Far Eastern Federal District Yury Trutnev; Deputy Chairman of the 1,000 Board of Directors, Chairman of the media representatives Management Board of Gazprom PJSC Aleksey Miller, Governor of the reported on the Eastern Amur Region Alexander Kozlov Economic Forum 7 EASTERN RUSSIA ECONOMIC AGENDA Deputy Prime Minister of the Russian Federation, Plenipotentiary of the Russian President in the Far Eastern Federal District Yury Trutnev: "Unlike the first two Eastern Economic Forums, where we told investors about what to expect during the forum, this year we will present the first results of our work.
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