The session ‘National Jurisdiction and Trust in International Relations as a Guarantor of Inward Investment’ will take place as part of the business programme of the 6th Eastern Economic Forum, which will take place in Vladivostok on 2–4 September. The discussion will be part of the ‘The Far East: New Challenges and Opportunities’ track. The session will focus on existing measures to support entrepreneurship in the Far East, mechanisms to improve the efficiency of incentive measures, and the development of the Russian jurisdiction to attract investors.
Russia operates a system of incentives for investors and is fine-tuning investment mechanisms to attract investors to the Far East. State support measures in place in the Far East include advanced special economic zones, a free port, and infrastructure support. They all have a significant impact on the implementation of investment projects in the Far East and the development of the macro-region as a whole. Increasing reliability and confidence in the national jurisdiction and improving its quality has a positive impact on investment attractiveness and international relations. This has a knock-on effect on the development of the regions and their communities, as well as the national economy as a whole.
The discussion participants will answer the following questions: How does national jurisdiction impact macroeconomic development? How effective are incentive measures? What should Russian jurisdiction look like in the near future and how can this be achieved?
The session will be moderated by Vladimir Gruzdev, Chairman of the Board of the Association of Lawyers of Russia. The speakers include President of the All-Russian Non-Governmental Organization of Small and Medium Business OPORA RUSSIA Alexander Kalinin, Prosecutor General of the Russian Federation Igor Krasnov, and representatives of the federal and regional authorities as well as commercial and financial companies.
“The Asia-Pacific region, which our Far East is a part of, is a rapidly developing enormous sales market and a centre for the global manufacturing of goods and new ideas. Any country would be interested in producing these goods under the most favourable customs and tax regimes. And, of course, investors’ rights must be reliably defended and protected against arbitrariness and excessive bureaucracy. Territories with special customs, tax, and investment regulation regimes have been created in the Far East largely thanks to the discussions that are taking place at the EEF. This includes the Free Port of Vladivostok, advanced special economic zones, and a special administrative region on Russky Island.
“It wasn’t long ago that Prime Minister of the Russian Federation Mikhail Mishustin put forward an initiative to create a preferential customs regime on the Kuril Islands. OPORA RUSSIA fully supports this initiative and sent a letter to the prime minister with a request to consider the possibility of extending this regime to Sakhalin Island. Today, we are creating everything that investors need to enter the Far East and understand: the game here is played by the rules and there is reduced taxation, co-funding, and guarantees,” Kalinin said.
The main theme of the 6th Eastern Economic Forum is ‘Opportunities for the Far East in a World under Transformation’. Detailed information about the EEF 2021 business programme is available on the website forumvostok.ru.
