Japanese small businesses interested in projects in the South Kuril Islands, said the head of API

© RIA Novosti / Andrey to Aproperate in fotobanka in the South Kuril Islands. Archival photoJapanese small businesses interested in projects in the South Kuril Islands, said the head of API© RIA Novosti / Andrey to Aproperate the image Bank

Japanese companies have shown little interest in joint projects in the South Kuril Islands, told RIA Novosti Director General of the Agency of the Far East to attract investment and support exports (IPA), Leonid Petukhov on the visit to Japan.

«Projects from the Russian side there is construction on Soltane fish processing plant, it makes a Russian investor. But from the Japanese business, we unfortunately do not see much action. We invite investors, but not see on the part of Japanese companies. It’s hard to explain, but Japanese companies often prefer to buy fish products in long-term contracts, rather than enter into the capital», — said Petukhov.

The head of the Agency called the most promising sectors in the region tourism, wind power and processing, and on the Japanese side already there have been several business missions to the region, but until concrete steps for the implementation of projects is not reached.

Agreement to discuss the possibility of joint economic activities on southern Kuriles was reached at the Russian-Japanese summit during his visit to Japan President of Russia Vladimir Putin in December 2016. In February 2017 under the foreign Ministry of Japan established the Council for mutual economic activities, which was headed by the head of Department.

In June and October of last year and this year hosted a visit by the group of more than 50 representatives of governmental and business circles of Japan to the Kuril Islands, to study the prospects of the projects. According to the agreement, these activities shall not violate the legal positions of both countries. The implementation of joint projects being considered in areas such as aquaculture, greenhouse agriculture, tourism, wind energy and recycling of waste.