Conflict around Qatar should be settled by diplomatic means - source at Foreign MinistryRussian Politics & Diplomacy June 24, 16:44
More than 237,000 fans attend Confederations Cup matches already - Deputy PM MutkoSport June 24, 15:03
Sistema's president hopes for dialogue with Rosneft on settlement agreementBusiness & Economy June 24, 14:56
CNN deletes article about meeting between Scaramucci and Russian Direct Investment FundWorld June 24, 13:12
Ukrainian Army units shell Donetsk Republic in first hours of newceasefireWorld June 24, 5:19
Politician says Russia vs Mexico football game will be interesting to watchSport June 23, 21:11
Kyrgyz president sees revival of relations with Russia as major result of his tenureWorld June 23, 20:49
Ex-premier says initiative to impeach Poroshenko stems from Ukraine’s economy collapseWorld June 23, 20:20
This week in photos: Confederations Cup opening and summer solstice celebrationsSociety & Culture June 23, 19:11
TOKYO, December 13. /ITAR-TASS/. Japanese business is backing Russian President Vladimir Putin’s plans for advanced economic growth zones in Eastern Siberia and the Far East.
The president's ideas, presented in his state of the nation address on Thursday, were achievable, said director of research at Japan's Association for Trade with Russia and the New Independent States Toshikazu Endo.
Japan's business community pinned much hope on the initiative, he told Itar-Tass in Friday comments on Putin’s speech, welcoming the concept of reviving investment activity in a region focused until now on mineral extraction.
Endo was reviewing the Russian leader's plans for incentives to grow export-focused business unrelated to the minerals industry. Locations will be identified and regulations passed by July next year, the president has ordained.
Incentives will include five-year exemption of corporate tax, real estate and property taxes alongside preferential insurance rates assessed as important for hi-tech production, Putin proposed. Similar exemptions would be available for mineral extraction other than oil and gas.
Japanese business would welcome proposals to attract industrial capital if conditions on offer were favourable, Endo said, noting that tax exemptions should be accompanied by essential industrial infrastructure such as gas, water and electricity.
Clear understanding was needed of who would be in charge of putting development plans into action, Endo said. Private companies willing to work in Russia had taken the lead in the past, he said.