The conferees have debated prospects to enhance the efficiency of natural resource use, and develop farming, food and other industries, construction and high technologies. They deem it necessary to take thorough stock of such matters as formation of natural resource investment patterns that would rest on the principles of transparency, objectivity and justice for all involved in the process. It will be just as necessary to use natural resources drawing on international achievements of government-controlled investment activities, says the statement.
The council also calls to pay close attention to such issues essential to capital investors as raw farm produce import duties to be reduced for plants and livestock not grown in Russia. It is just as necessary to specify produce for frontier veterinary inspection, and to draw legislative amendments to implement the one-window principle.
Next, the document insists on further efforts to develop the banking sector proceeding from streamlined bylaws that would confirm application of internationally recognised standards in Russian inspecting practice.
The conferees deem it necessary to elaborate instruments that would enhance banking liquidity. They also demand to draw proposals for legislative improvements, and creditor right protection when guaranteed by securities and/or mortgages. The communique also appeals to streamline bank merger patterns and enhance monitoring and control of bank proprietors and managers.
