General Conditions of Developing Foreign Economic Activity
Foreign economic activity in the Republic of Tatarstan is performed within
the frames of the Agreement between the Govemment of the Russian
Federation and the Government of the Republic of Tatarstan on
demarcation of authorities in the field of foreign economic relations
signed on June 5th, 1993. A key point of foreign economic policy
of Tatarstan is its desire to solve the problems arising in interrelations
with the Russian Federation on the basis of negotiations with
the corresponding bodies of the Russian Federation.
At present, the subjects of joint responsibility in the field of regulating
foreign economic relations are as follows:
- protecting economic interests of Subjects of the Federation abroad;
- establishing the trade and economic regime in relations with foreign states and
international trade &
- economic and financing & crediting
institutions;
- licensing investments abroad.
The exclusive authorities of the Republic are as follows:
- signing foreign economic agreements
with subjects of foreign federations, administrative and territorial
formations of other countries signing trade 81 economic agreements
between the Republic of Tatarstan and foreign states;
- attracting governmental, banking and commercial credits and loans against
the guarantees of the Government of the Republic of Tatarstan;
- forming hard currency funds of the Republic of Tatarstan and exercising
control over their spending;
- developing and implementing the policy
of attracting foreign investments in the territory of the Republic
of Tatarstan;
- taking part in the activities of international economic
and financial organisations and bodies;
- obtaining aid and assistance
from foreign partners and using it;
- granting credits, loans,
aid and assistance to foreign partners; setting up free economic
zones in the territory of the Republic of Tatarstan.
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