Medvedev will discuss with the heads of foreign companies, the issues of import substitution

MOSCOW, October 19. Prime Minister Dmitry Medvedev will hold on 19 October to the 29th session of the Consultative Council on foreign investments (FIAC).

According to the press service of the Russian government, at the meeting it is planned to discuss questions of import substitution, regulatory, investment cooperation and development in the pharmaceutical, construction, agro-industrial and food sectors, the retail and subsoil use, energy markets and energy efficient technologies.

As previously reported with reference to the draft communiqué of the meeting of the FIAC, it is expected that the Council will discuss opportunities to increase the share of local production in the products of global corporations, which are sold on the Russian market.

In the text of the document, in particular, it is noted that in 2016 FIAC will focus on such priorities as creation of favorable conditions for the expansion of ties with Russian suppliers of industrial and agricultural goods and joint investment projects with the aim of increasing the share of domestic production in foreign companies operating in Russia.

For 2016, the Council will also form the proposals on changes in the customs legislation with the objective of increasing non-oil exports of goods, development of innovative pharmaceutical products and medical equipment, changes in the rules for phytosanitary control, as well as the development of self-regulation in retail trade, says the document, which is available.

Managing partner at the consulting firm EY in Russia Alexander Ivlev has informed that a meeting of the Council will be attended by the heads 33 of the world’s largest companies. In particular, the mission of the American Pepsico, Swiss Nestle, Singapore’s Olam, French Danone, the Dutch Unilever confirmed the participation of their leaders in the meeting.

According to government documents, the session will be attended by first Deputy Prime Minister Igor Shuvalov, Deputy Prime Minister Arkady Dvorkovich, Minister of natural resources Sergey Donskoy, the Minister of internal Affairs Vladimir Kolokoltsev, Minister of industry and trade Denis Manturov, Minister of construction and housing and utilities Mikhail Men, Minister of communications and mass media Nikolai Nikiforov, energy Minister Alexander Novak, Finance Minister Anton Siluanov, healthcare Minister Veronika Skvortsova, Minister of transport Maxim Sokolov, Minister of economic development Alexei Ulyukayev, Minister of agriculture Alexander Tkachev, coordinator of foreign participants at the Consultative Council on foreign investments in Russia mark Weinberger, representatives of relevant agencies, foreign companies and organizations.

The Council was established in 1994 and is a statutory body responsible for considering and preparing proposals on issues related to investment attractiveness of the Russian economy and problems of foreign companies in the implementation of investment projects on the territory of Russia.