I see another important thing that should be present on the federal, regional and municipal levels: government agencies should focus on investors’ interests — Leonid Petukhov, General Director, Far East Investment and Export Agency.
Our top strategic objectives would be improving the selection of services and their quality, as well as digitalizing many of those — Denis Tikhonov, General Director, Corporation for Far East Development..
First of all, we’ll support better conditions for businesses <…> We keep evaluating the situation – we’re in the middle of this process now – and based on the results we will amend the legislation and make the investment regime in the Far East one of the most attractive in the world. We will get administrative pressure for business down. Among other things, we’ll consider establishing an investment court in the Far East — Yury Trutnev, Deputy Prime Minister of the Russian Federation – Presidential Plenipotentiary Envoy to the Far Eastern Federal District of the Russian Federation.
Over the years, we’ve considered multiple improvement suggestions. One of them involved accepting and approving applications for gold mining. As for the other one, we believe that private investment can be highly beneficial for gold mining. That requires adopting the laws that would help reduce the risks associated with early stages of mining — Paul Rollinson, Chief Executive Officer, Kincross Gold Corporation.
We closely work with the government. They know about our proposals and consider them. Besides, I would like to address commissions that involve both officials and business representatives: we need to make Russia competitive for other markets, including the Chinese one. Import duties for Russian coal is 3%, while for the energy sector it’s 6%. At the same time, Australia and New Zealand signed agreements on duty free trade with China. That’s why we’re not really competitive here — .