Rustam Minnikhanov reports at the opening of WAIPA conference in Geneva

RT President Rustam Minnikhanov presented experience of Tatarstan Republic in the sphere of attracting investments at opening the conference of World Association of Investment Promotion Agencies in Geneva.

The World Association of Investment Promotion Agencies was founded in 1995 in Geneva. Currently 228 investment agencies from 156 countries are members of the Association. WAIPA organizes a forum for these agencies, membership is open for any institution of this kind. Among WAIPA partners are the Foreign Investment Advisory Council of World Bank, International economic development council, Organization for Economic Co-operation and Development, UN Conference on trade and development and UN Industrial Development Organization. Russia is represented by National agency for direct investments and Northwest agency for development and attracting investments.

This year representatives of 260 investment promotion agencies from around the world take part in annual WAIPA conference. The Republic of Tatarstan is represented by RT Agency for investment development. The key topics of the conference are changing macroeconomic situation and direct foreign investments, review of long-term prospects, - innovations, pollution-free technologies, issues of attracting foreign technologies into developing countries.

President of Tatarstan Rustam Minnikhanov made a speech at the opening ceremony. According to Director of RT Agency for investment development Linar Yakupov, Head of Tatarstan told about experience of Tatarstan Republic in the sphere of attracting investments and presented economic and industrial potential of republic. R. Minnikhanov emphasized that Tatarstan was one of the first regions in Russia to create the Agency for investment development and is considered one of the most attractive regions for investors.

On September 5, Rustam Minnikhanov will take part in several working meetings in Geneva. In particular, he is going to meet Minister of external trade of United Arab Emirates, Minister of national planning and economy of Costa Rica, Deputy Minister of economy of Brazil, Managing director of Islamic Corporation for the Insurance of Investment and Export Credit of the Islamic development bank.