Track: 4. Investments. Finance
Japan is one of the most important trade partners of Russia. Despite declining trade turnover, Japan and Russia continue to strengthen and develop their mutual cooperation. In particular, the two countries discuss development prospects of trade-economic and investment cooperation.
Personal official visits of the leaders of Japan and Russia are crucial to this process. On December 15–16, 2016, President of the Russian Federation Vladimir Putin paid an official visit to Japan, which became a breakthrough for the relations between two countries. It resulted in signing of 12 intergovernmental and interdepartmental and 68 commercial documents; it is unprecedented both in number and in variety of covered areas of cooperation.
Promising areas include not only energy and trade, but also agriculture, IT and healthcare. Development of Russia’s Far East and economic development of the Kuril Islands remains another driver of Russian-Japanese cooperation.
In the near future, the total amount of Japanese investments in Russia will exceed $2.5 billion. Therefore, while not lifting the sanctions against Moscow, which Tokyo has joined, the Japanese government is determined to provide a significant input in the Russian economy and to further develop cooperation. One of the most important recent agreements concerns creation of a joint $1 billion investment fund by the Russian Direct Investment Fund (RDIF) and the Japan Bank for International Cooperation (JBIC). The Fund is going to attract a number of Japanese companies interested in localizing their production in Russia.
Leaders of both states agreed on maintaining a close dialogue. Prime Minister of Japan Shinzō Abe expressed his readiness to participate in the next Eastern Economic Forum in September 2017.
During the session experts will address the following topics:
First Vice-President, Gazprombank
Counselor, Anderson Mori & Tomotsune, Former President, International Bar Association
Executive Administrator, Arbitration Center at the Institute of Modern Arbitration
Professor, Rikkyo University, Partner, Uryu&Itoga
Associate, Anderson Mori & Tomotsune
Chif of St.Petersburg Representative Office, Japan External Trade Organization (JETRO)
Lawyer, Japan Federation of Bar Associations
President, All Russia Public Organisation 'Delovaya Rossiya'
Senior Partner, Law Firm ALRUD
State Secretary - Deputy Minister, Ministry for the Development of the Russian Far East