Ⅳ【emorandum

XV Joint Meeting ofthe Japanese― Russian and Russian― Japanese Coni】mitteeson]Econonlic Cooperatiom
19 November 2018ぅ Tokyo

On 19 November 2018,Japan Business Federation("KeidanrenW hereinaner)and heRussian uniOn of lndustrialists and Entrepreneurs(WRSPP"hereinaner)c。 ̲。 rganised
the 15th Jointヽ /1eeting ofthe Japanese― Rllssian and Russian― Japanese ComH五 ttees on
Economic Cooperation(‖ JOint〕亜eetingtt hereinaner)in TokyO.
Boh parties weicomed hat Japan― Russia econonic relations have feasible prospects
to implementnew investFnentprttectS,Which have been intensitted atthe highest― levelsum■its between the two countries especially since 2016.
While Keidanren highly appraised the Russian govemmenぜ s unwavering commitment
both parties shared the latest outcome of
Keidanren's annual survey regarding Russia's business environment)、vhich set out
vell ascontinued challenges Japanese companies have been facing in Russia as 、and efforts to ilmprove its investinent climateぅ

speciflc requests fbr further improvement.
bOth parties
Against this background,wih the aim to boost he investment prttectSぅ
recognised the importance of constant efforts to solve the structural problems throughin― depth and candid policy dialogue in order for Japanese and Russian companies topursue buslness on a wln― win basls。
Reflecting the recent rnomentuna to revitalise business relations in more diverse andunconventional spheresク the sutteCtS Ofdiscussion in the Joint]Meeting were focusedin hree sessions,namely)1)Japan̲Russia economic relations:how to build a
Russia cooperation
and Russian economy's moder五 sation,and 3)Russian regionsi promising areas ofsustainable and balanced relationship in the long tern19 2)Japan―cooperation,

Throughout the Joint〕 VIeeting)both parties expressed interest in deepening mutual
understanding of a variety of issues and challenges in above‑lnentioned areas. Inparticular,both parties shared the signiicance of ongoing cooperation to、 vards theimplementation of the joint investment prttectS in Russian regionsク based on themodetn technologies and demand ofJapanese business and society.
On the basis ofexchange ofviews on cooperation in prioritised sectors and investinent
prtteCtS as well as interegional cooperation,both palties acknowledged the imperat市 eto take action in the short and■ lid/1ong terlns to、 vards the govemments of Japan andthe Russian Federation,induding in the form ofjoint policy recommendations wherenecessary.

The representatives for RSPP underlined that the curent Rllssian legislation、 vould
facilitate a va五 ety of tools for supporting investment proJects tO Create and/or
飢odeHise industrial production in the Russian regions.
In addition, bott palties took note of broad prospects for developing cooperation
bet、veen Japanese companies and enterprises ofvarious regions in Russia such as:―the Vo180grad region(ChemiCal cluster)9‑the Nizhny Novgorod region(in the nelds ofshipbuildingぅ lnachinery,pharinaceuticaland petrochemical industries),―he Chuvash Republic(iointproduction ofelectro― technical goodsぅ containers lor thetranspott ofliquidsぅ gas and petroleum products))

and―he Ulyanovsk region(autOmObile transport and machine tool building)。

SpeCialattention、 vas paid to cooperation in the railway sector in the digital age.

Keidanren drew the attention of RSPP to pending issues regarding poLcies andmeasures to invite foreign direct investlnent especially in the Far East.These include
the provision of accurate and ottect市 e inforination)the development of transport
lic zones
infrastructureぅ the extension of tax break period in advanced special econo■ぅCOrporate tax and ixed property tax)ク
investlnent services.

(e・ 8・and he enhancement ofintens市 e after―

Recognising the importance of holding such high― level business dialogues between
national business federations、 vhich respectively represent bo■ l countries,Keidanren
and RSPP agreed to hold the 16th Jointム 江eeting in WIoscowラ the Russian Federation ata tilne convenient for both parties。

vas compiled and signed in two originals in English on 19
This WIemorandum 、November 2018.

ChairChairman

Japan― Russia Business Cooperation Committec

Russian‐ Japanese Committec on Economic Cooperation

KEIDANREN

Teruo Asada

RSPP

Shokhin