Singapore business mission of business circles in Tatarstan. And other results of the Intergovernmental Commission in Moscow

In Tatarstan to be a business mission of business circles of Singapore.

The agreement was reached during the meeting of Tatarstan Investment Development Agency Chief Executive Taliya Minullina and Assistant to Chief of «International Enterprise Singapore» Satvinder Singh on the 6th meeting of the Intergovernmental Russian-Singapore commission in a high level, which was held in Moscow today.

"There is a Singaporean company, which now considering the extension, including the Russian direction. An agreement was reached on the organization of business mission of the management of such companies to Tatarstan in 2016.

In addition to the industry there is the prospect of joint research work. In August of this year, Singapore celebrated the 50th anniversary of independence, over these years they have managed to create a unique scientific environment: first, they created the conditions attract the best minds of the world, and later already started training those scientists. We should actively involve our academic institutions to work with Singaporean counterparts in terms of developing new technologies and research, said Taliya Minullina.

Intergovernmental Commission: consultations on the free trade zone, agreements and the Russian Cultural Center

6th meeting of the Intergovernmental Russian-Singapore commission in high level have opened Co-chairs – the First Deputy Prime Minister of Russia Igor Shuvalov and Deputy Prime Minister of Singapore Tarman Shanmugaratnam.

During the event it was announced that consultations on the creation of a free trade zone (FTZ) between the Eurasian Economic Community (EAEC) and Singapore have began. Such an agreement was signed with Vietnam. Earlier it was announced that the Russian side has approved the decision to abolish tax on interest income for the Russian-Singapore investment, which will allow Russian companies to freely invest in the Asia-Pacific Region (APR) through Singapore's jurisdiction.

The meeting discussed issues such as joint projects in the Russian Far East and other regions, cooperation in agriculture, energy, education and labor, the urban environment, transport infrastructure, urban construction and housing and communal services.

In particular, it became known that there is a preparation of 3 educational modules (about 2 weeks) to the Government of the Russian Federation and 100 people from the Russian regions.

In addition, a new landmark of cooperation was the Russian Cultural Centre in Singapore, the decision on the establishment of which was adopted in February 2015.

The Reception House of the Russian Federation signed important agreements - Protocol to the Agreement on avoidance of double taxation, Intergovernmental Agreement on visa-free trips for holders of diplomatic and official passports, a Memorandum of Understanding between the Ministry of Labour and Social Protection of the Russian Federation and the Ministry of Manpower of Singapore, Memorandum between the Moscow State University and  Nanyang Technological University on the employment of graduates, a Memorandum of Understanding between the Nanyang Technological University and the company "Sportamaster" on a joint research laboratory, a Memorandum of Understanding between ST Electronics and the company "Sieber" on transfer of technologies on buildings safety, the Memorandum of Understanding between "Tanstarr Group "and PJSC "LUKOIL" (Russia).

At the meeting along with the ministers of the two countries, the top managers of large companies, educational institutions and other institutions participated the representatives of the Governments of three regions of Russia - Tatarstan, Moscow and Penza region, indicating the special nature of relations of these Federation regions and Singapore. They are Tatarstan Investment Development Agency Chief Executive Taliya Minullina, Minister of the Government of Moscow Sergei Cheremin, Minister of Investment Development and Foreign Economic Affairs of Penza region Vladimir Volkov.

TIDA Press Service