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EastRussia Bulletin: Far Eastern Agenda Becomes Significant Part of SPIEF-2018 Program - EastRussia | Far East

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EastRussia Bulletin: The Far Eastern Agenda has become an important part of the SPIEF-2018 program

EastRussia Bulletin: The Far Eastern Agenda has become an important part of the SPIEF-2018 program
Photo: EastRussia
A significant event of the past week was the holding of the St. Petersburg International Economic Forum, which culminated in the signing of a number of agreements, including those affecting the development of the Far East, reads the next published issue of the EastRussia bulletin. Most of the signed agreements dealt with increasing the investment attractiveness of Far Eastern projects, considering the prospects for solving the traditionally complex areas of development of the macro-region (demography, tourist attraction), and regional authorities signed agreements on a number of local projects.

Several agreements were signed to attract investments in Far Eastern projects. In particular, these are agreements on the implementation of the first four projects within the framework of the Russian-Japanese platform for attracting investments to the Far East. As you know, this platform was established by the Far East Development Foundation in cooperation with the Japan Bank for International Cooperation (JBIC) and the Agency of the Far East for attracting investments and supporting exports (IPA) back in February at the Sochi investment forum. Four projects are planned to be implemented in the medium-sized business sector with a total volume of 3,5 billion rubles. Among the projects - the construction of greenhouses company Hokkaido Corporation in Yakutia for 1,5 billion rubles, the construction of a plant for the recycling of used cars in the Primorsky Territory. The third project will be implemented in the field of agriculture, and the fourth is related to the re-export of silicon dioxide from Mongolia to the APR countries. Despite the activity of Japanese investors in the Far East, while the volume of Japanese investment in the total volume of foreign investment falling in the Far Eastern Federal District remains low - about 2% (according to the results of 2017 year).

In the framework of the SPIEF-2018, many promising areas were touched upon - the development of tourism and transport accessibility of the macroregion, the possibility of creating scientific clusters in the Far Eastern Federal District. Another important direction is the development of tourist clusters based on TOP and SPV. Already now, electronic visas are operating in the SPV, clusters are developing in Kamchatka (Paratunka Resort), on Sakhalin (GLC "Mountain Air"), in the Khabarovsk Territory (GLK "Kholdomi").

The authorities of the Far Eastern regions, in turn, presented their projects and concluded relevant agreements at the forum.

A detailed analysis of this and other relevant topics can be found in the weekly bulletin EastRussia (https://www.eastrussia.ru/subscribe/).