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  • Bilateral Collaborations between Singapore and Russia

    Investment Promotion and Protection Agreement (IPPA)

    The Russia-Singapore IPPA was signed on 27 Sep 2010 at the first Russia-Singapore Inter-Governmental Commission. Key highlights of the IPPA include: (i) non-discriminatory, fair and equitable treatment for Singapore investors and investments in Russia, and vice versa; (ii) prompt, adequate and effective compensation in the event of expropriation; (iii) guarantee of free transfers of capital, returns, proceeds and other payments; and (iv) access to international arbitral tribunals in the event of any investor to state disputes. The IPPA came into force on 16 Jun 2012.

    MOU: Economic Cooperation in SEZs

    In Aug 2006, Singapore and Russia signed an MOU on Economic Cooperation in Special Economic Zones (SEZs), formalising Singapore’s advisory role on Russian SEZs. Companies like Jurong Consultants and RSP Architects have master-planned industrial parks in Russia.

    Russia-Singapore Inter-governmental Commission (IGC)

    The High Level Russia-Singapore Inter-governmental Commission (IGC) was set up after then-Russian President Dmitry Medvedev visited Singapore in Nov 2009. There have since been three sessions of the Commission in Sep 2010, 2011 and 2012, taking place alternately in Singapore and Moscow. The IGC is a high-level dialogue aimed at exploring and promoting broad-based cooperation between Russia and Singapore in various fields, including trade and investment, information and communications technology, transportation, health, education, people to people ties, culture and other areas of mutual interest.

    Source: IE Singapore
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