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Authorities will finalize the procedure for granting investment quotas for the extraction of bioresources in the Far East Federal District - EastRussia | Far East

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Authorities will finalize the procedure for the provision of investment quotas for the extraction of bioresources in the DFO

The federal authorities will finalize the procedure for granting investment quotas for the extraction of aquatic bioresources in the Far East in order to make them more transparent. This was announced at the meeting of the subcommittee on the development of the fisheries complex of the Far Eastern Federal District in Vladivostok, said Deputy Prime Minister - Plenipotentiary of the President in the Far Eastern Federal District Yury Trutnev.

According to him, the comments are not principled, but very important. According to the press service of the Ministry of Economic Development, they are related to the procedure for accepting enterprises, which causes complaints to investors. This procedure will be finalized.

Also, Yury Trutnev instructed the Ministry of Agriculture of Russia, the Federal Agency for Fishery, the Ministry of Industry and Trade and the Ministry of East Development to submit to the government a report with a draft on amending acts on the procedure and methods for monitoring the implementation of projects and the acceptance of commissioned investment objects. In addition, agencies should develop a procedure for determining and approving the total allowable catch for the next year, determine the procedure for amending the project documentation and clarify the procedure for extending the project implementation period due to the modernization of the investee.