CACCI Presidential Visit to Vladivostok, Russia
Vladivostok – Following his successful Presidential visits to Cambodia, Vietnam, and Laos in April 2018, CACCI President Mr. Jemal Inaishvili led another delegation of CACCI officers and members for a visit to another CACCI member country, this time to Russia – specifically in the port city of Vladivostok on June 14-15, 2018.
Considered the administrative center of Primorsky Region, the city of Vladivostok (literally means “ruler of the east”) is located around the Golden Horn Bay, not far from Russia’s borders with China and North Korea. The population of the city as of 2017 was 606,589, up from 592,034 recorded in the 2010 Russian census. The city is the home port of the Russian Pacific Fleet and the largest Russian port on the Pacific. The city’s main industries are shipping, commercial fishing, and the naval base. Fishing accounts for almost four-fifths of Vladivostok’s commercial production. Other food production totals 11%. A very important employer and a major source of revenue for the city’s inhabitants is the import of Japanese cars.
The visit was another milestone as it was the first-ever CACCI Presidential visit to Vladivostok. Like the other previous Presidential visits, the Vladivostok trip was aimed at providing the CACCI visitors the opportunity to gain a better understanding of the economic conditions in the city and explore possible joint business ventures and investment cooperation with their local counterparts.
The CACCI delegation was composed of the following CACCI officers and members:
- Mr. Jemal Inaishvili, President, CACCI and Member of the Board, Georgian Chamber of Commerce and Industry
- Mr. Hardeep Singh, Chairman of the Board of Directors, GeoSteel LLC
- Mr. Homer Yu, Secretary of Business Affairs Department, Kowloon Chamber of Commerce
- Mr. Chor Ki Chan, Honorary President, Hong Kong Hair & Beauty Merchants Association
- Ms. Tatiana Legchilina, Deputy Director, International Cooperation Department, Chamber of Commerce and Industry of the Russian Federation
- Mr. Ernest Lin, Director-General, CACCI
- Mr. Amador R. Honrado, Jr., Deputy Director-General, CACCI
- Ms. Wendy Yang, Senior Officer, CACCI
The Presidential visit o Vladivostok served as a valuable occasion for the CACCI delegation to meet with various government officials of the city to exchange views on trade and investment issues as well as identify areas where CACCI members may consider investing. The delegation also had the opportunity to network with officers of local institutions and business enterprises and listened to presentations on their activities and projects, especially those that welcome the participation of foreign investors. As a result of the delegation’s various meetings , the CACCI Presidential visits to the three countries succeeded in generating awareness about CACCI and its activities among key administrative officials and the local companies in the city.
A chronology of the delegation’s official program follows:
I. Visit to FEBRAS (June 14, 2018)
The delegation visited the Far Eastern Branch of the Russian Academy of Sciences (FEBRAS), where they were welcomed by its President, Academician Valentin Sergienko.
With the assistance of his staff members, Mr. Sergienko made an introduction on FEBRAS and its activities. He informed the delegation that FEBRAS was organized to develop fundamental research in the field of natural and social sciences and to work out the applied problems of the Far Eastern productive forces development and training of scientific manpower. He said that its main goal is to coordinate the efforts of all research teams, directing them to find solutions to the most urgent problems of interest to the region and to science in general.
The CACCI delegation learned from Mr. Sergienko that the priority directions of the scientific researches of FEBRAS include the following:
- Photonics and laser physics and physics of nanomaterials
- Development of software and hardware tools
- Development of oceanographic instruments and underwater robotic systems
- New functional materials, nanomaterials and chemical technology
- Highly efficient technology of radioactive waste processing
- Biodiversity and bioresources
- Physico-chemical biology , biotechnology and genetic engineering
- Genophysics, geochemistry and biology of world ocean, including the Eastern Sector Arctic region
- Tectonics, geodynamics and metallogeny
- Long-term forecast of catastrophic natural phenomena
- Evaluation of resources of hydrocarbon potential of the Pacific basin
- Regional environmental management
- Medical and physiological problems
- Development of new varieties of agricultural products
- Problems of regional development and international cooperation
- Conservation of rare and endangered species
- History, archaeology, sociological problems.
Mr. Sergienko invited CACCI members to cooperate with FEBRAS in the activities that it undertakes in any of the above mentioned areas of research and product development.
II. Meeting with Vice Governor of Primorsky Region
Following its meeting with FEBRAS, the delegation proceeded to the office of the Vice Governor of Primorsky Region, where they were received by its key officials led by Vice Governor Ms. Tatiana Kazantseva.
During the dialogue between the two sides, the delegation learned of the major policies adopted by the Primorsky region to take advantage of its strategic location for trade and industry development with countries from the Asia-Pacific region. These policies include the creation of the free port of Vladivostok and the establishment of an advanced free economic zone .
The CACCI visitors were also informed of the growing importance of the tourism industry for the Primorsky Region, and noted the increasing number of cruise ships that call on the city per month bringing tourists from China, Japan, and Korea; the development of port facilities to receive these cruise shops; the development of eco-tourism; the establishment of gaming zones to cater to foreign tourists, and the construction of more hotels to accommodate the growing number of foreign visitors.
The delegation was also briefed of the importance of the fisheries sector, the mining industries, the agricultural sector, as well as the construction and the development of infrastructure projects.
Mr. Inaishvili and other members of the CACCI delegation noted the rapid development taking place in the country. They praised the economic progress that the Primorsky Region and Vladivostok have made in recent years and acknowledged the business opportunities they personally witnessed during the visit. They noted that there certainly are many areas that provide great opportunities for trade and investments between the Primorsky Region and other CACCI member-countries.
President Inaishvili suggested to the Chamber of Commerce and Industry of the Primorsky Region to consider the possibility of hosting a CACCI Conference in the near future, stating that such event will provide Vladivostok the opportunity to tell the world about its achievements on the economic front as the country’s economic advantages are mostly unknown to most countries.
III. Meeting with Duma of Vladivostok City, Investment Agency of Primorsky Region, and Administration of Vladivostok City
On the afternoon of June 14, the CACCI delegation proceeded to its joint meeting with the Duma of Vladivostok City, the Investment Agency of Primorsky Region, and the Administration of Vladivostok City.
The delegates were informed that the free port facility would comprise a seaport, airport zone, an industrial zone, a scientific zone and a tourist-recreational zone, which includes gaming facilities. The free port and advanced special economic zones will help the Russian Far East region become a new showcase for foreign investors, the speakers stressed, noting that the free port regime, which will target global trade businesses, will last for 70 years with strictly defined boundaries and facilitated customs.According to Far East Development Corp., which manages the free port and economic zones in the area, the program will cover a total of 28,400 square kilometers and a population of 1.4 million.
The CACCI visitors further learned that residents of the free port, who can invest at least 5 million rubles (US$75,900) in three years can enjoy zero profit tax, land tax and property tax within the first five years and 12 percent profit tax for the next five years. Residents of 12 advanced special economic zones, which target domestic markets with no strictly defined boundaries, can enjoy similar tax benefits with minimum investment of just 500,000 rubles.
The city’s port facilities are also noted to be important, and that tourism is a growing industry, particularly sea tourism with the increasing number of cruise liners visiting the city. Also these underscore the great economic potential of Vladivostok, and should encourage members of CCIRF and CACCI to come to Vladivostok.
For his part, Mr. Inaishvili urged the Chamber of Commerce and Industry of Primorsky Region to take a more active involvement in CACCI activities to reap the benefits of Asian growth and development, pointing out that it would be a win-win situation for businessmen in Vladivostok and the Primorsky region, as well as in CACCI member countries, given the fact that CACCI is a very big organization.
IV. Visit to the European Diamond Centre Co. Ltd.
On the morning of June 15, the delegation visited the European Diamond Centre Co. Ltd. , where they were received by Mr. Alexey Ivanov, Director of Alrosa, which is the company that manages the Centre.
During the visit, the delegation learned that: (a) Alrosa is a Russian Group of diamond mining companies that occupies a leading position in the industry and has the largest rough diamond reserves in the world; (b) The Group accounts for one third of the reserves and more than a quarter of the production of the global rough diamond market; (c) They key areas of activity, comprising the focus of the major strategic efforts of the Group, are deposits exploration, mining, processing and sales of rough diamonds; (d) The majority of Alrosa Group revenue come s from selling rough diamonds; (e) Rough diamonds are sole under long-term agreements to Russian and foreign diamond cutting companies; and (f) The rough diamond segment accounts for about 90% of the total Group revenue.
The CACCI visitors were also informed that the Eurasian Diamond Centre itself opens up great prospects not only for companies in the industry of rough and polished diamonds, but also for retailers and jewelry manufacturers, including the Luxury segment, cultural values and antiques markets participants. The Centre serves as a unique platform that allows developing and implementation of new manufacturing technologies, holding of exhibitions and regular auctions of precious gems and opening of new market channels.
V. Visit to Aviapolis Yankovsky Co. Ltd.
The delegates then proceeded to the Aviapolis Yankovsky LLC, which is a Russian private industrial park operator which plans to build a mega warehouse and logistics park in Primorsky Krai province. Considered the largest in the Far East region, the facility will cover gross floor area of 680,000 square meters, and is expected to be completed by 2025.
The CACCI visitors were informed that the industrial park has been a resident of the Free Port of Vladivostok since 2016. A viapolis is located in a dynamic zone, both in terms of infrastructure and in close proximity to key transport hubs. The distance to the city of Vladivostok is only 40 km, to the city of Artem and Vladivostok Airport – 4.7 km, to the city of Nakhodka – 139 km. The delegation learned that some 95 percent of the park’s warehouse space is already booked, pointing to the high demand for warehouse and office space from the residents of Vladivostok Free Port.
VI. Visit to “Primring” & Meeting at Techno Holding Sumotori Co.
Following the visit to the Aviapolis Yankovsky LLC, the CACCI delegation moved to PrimRing, located in the Far Eastern Primorsky region in Artyom city, close to Vladivostok.
The delegates were informed that the aim of the “Primring” is to create a modern, multi-use, leisure and retail destination with motorsport at the core. The site is located on a 78 Ha plot in the vicinity of Vladivostok, located close to a major highway for easy access. The initiator of the project is Sumotori Machinery Group, the biggest technological holding company in far Eastern Russia.
The CACCI visitors learned that the PrimRing will play a strategic role in the development of motor sport in Russia. The project has been granted ‘Strategic Project’ status by the Primorsky regional government and has received grant funding support from the FIA Motorsport Development Fund, bringing significant commercial and planning benefits. The Russian Automobile Federation (RAF), the motor sport regulator for the country, is also fully supportive of the initiative.
PrimRing provides a home for motor sport for all categories in the Primorsky region and a venue for national events in Russia and for visitors from the neighbouring countries of China, South Korea and Japan. Around this mix of motor sport infrastructure, the project proponents have developed leisure, retail and business districts, all combined to provide a natural parkland setting for families and friends to meet, relax, enjoy, watch or participate.
The delegates were further informed that Sumotori is a techno holding company, which has been on the Russian market since 1998. Its former name is Hino-Vladivostok. The main office is situated in Vladivostok, and it is a dealer of different companies: Hino truck, New Holland (a global brand), Doosan Infracore (S. Korea), TCM, Everdigm (Hanwoo), Bishamon. KOBELCO. Sumotori is also the official dealer of trade mark Masalta, which is the part of SUBARU.
On the last day of the visit to Vladivostok, the CACCI delegation also visited the Marine Experimental Center where they observed latest advances in fish reproduction. To conclude the successful visit, the CACCI delegation celebrated in the companion of many Russian officials a dinner in a local restaurant specialized in regional food.
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Taipei – This is the transcript of CACCI President Jemal Inaishvili’s live interview with ICRT FM Radio Taipei on November 24th 2016 during the 30th CACCI Conference in Taipei. During the interview, President Inaishvili emphasized the particular importance that CACCI plays in international business. Despite advances in technology and communications, the personal contact and cordiality […]
CACCI President recollects 50 years of success
Taipei – CACCI President Jemal Inaishvili lead the 30th CACCI conference in Taipei where over 400 delegates from 22 Asia Pacific countries convened to celebrate CACCI’s 50 anniversary as well as to prepare CACCI’s agenda for the future. Here are CACCI President Jemal Inaishvili’s comments… CACCI President recollects 50 years of success As we celebrate […]
CACCI President attends Madrid Meeting of the ICC World Chambers Federation
Madrid – CACCI President Mr. Jemal Inaishvili attended the 2nd Meeting for 2016 of the General Council of the ICC World Chambers Federation (ICC-WCF) held on October 12-13, 2016 in Madrid, Spain.As a transnational chamber, CACCI is a Permanent Member of the WCF General Council and is currently represented by President Inaishvili. The WCF is […]
CACCI President visits Taipei to discuss Conference preparations
Taipei – Mr. Jemal Inaishvili, President of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), recently visited Taipei to meet with key officers of the Chinese International Economic Cooperation Association (CIECA), the Chinese National Association of Industry and Commerce (CNAIC, the CTBC Bank, and the CACCI Secretariat to discuss preparations of the upcoming […]
CACCI President Joins Other Business Leaders at the SRCIC Silk Road Business Summit in Xi’an, China
Xi’an – CACCI President Mr. Jemal Inaishvili attended the SRCIC Silk Road Business Summit and Development Cooperation Conference held on September 6-8, 2016 in Xi’an, China. The three-day event was co-sponsored by China Chamber of International Commerce (CCOIC), Silk Road Chamber of International Commerce (SRCIC) and the Chinese Council for the Promotion of International Trade (CCPIT). […]
CACCI President Mr. Inaishvili Attends B20 Summit in Hangzhou
Hangzhou – Mr. Jemal Inaishvili, President of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), was invited to participate the in the B20 Summit held on September 3-4, 2016 in Hangzhou, China. Coinciding with the G20 Summit in Hangzhou, the B20 Summit 2016 gathered G20 leaders, CEOs and leading thinkers to deliberate on […]
CACCI President Inaishvili Meets with Bulgaria’s Minister of Transport, Information Technology and Communications
Sofia – CACCI President Mr. Jemal Inaishvili called on Mr. Ivaylo Moskovski, Minister of Transport, Information Technology and Communications of the Republic of Bulgaria, during his visit to Sofia on July 21.
CACCI President Meets with Bulgaria’s Minister of Regional Development and Public Works
Sofia – CACCI President Mr. Jemal Inaishvili met with Mrs. Lilyana Pavlova, Minister of Regional Development and Public Works of the Republic of Bulgaria during his recent visit to Sofia, Bulgaria on July 21.
CACCI President Meets with Bulgarian CCI Vice President
Sofia – CACCI President Mr. Jemal Inaishvili called on the Bulgarian Chamber of Commerce and Industry Vice President Mr. Georgi Stoev during his recent visit to Sofia, Bulgaria. The meeting took place on July 21 at the Chamber’s premises. Mr. Inaishvili and Mr. Stoev discussed and exchanged views on several issues, including CACCI-related matters, activities […]
CACCI President Attends Crans Montana Forum in Vienna
Vienna – CACCI President Mr. Jemal Inaishvili participated in the Crans Montana Forum on Central to Far Eastern Europe that took place on June 29 – July 2, 2016 at the Niederösterreich Palace, in Vienna. The Forum aimed to put together all countries and key actors from Atlantic Ocean to Pacific Ocean to resume and […]
CACCI President Meets Michael Barnett, Auckland Chamber’s Chief Executive
Auckland – CACCI President Mr. Jemal Inaishvili met with Mr. Michael Barnett, Chief Executive of the Auckland Regional Chamber of Commerce & Industry during the former’s visit to Auckland on March 23, 2016. Mr. Inaishvili thanked Mr. Barnett for the continued strong support that the Chamber has extended to CACCI over the past years. He […]
CACCI President Inaishvili calls on Ceylon Chamber of Commerce officers
Colombo – CACCI President Mr. Jemal Inaishvili took off some time from his recent family vacation in January 2016 in Sri Lanka to meet with the key officers of Ceylon Chamber of Commerce (CCC) to discuss how CACCI can support the Chamber’s activities. Above photo shows Mr. Inaishvili (2nd from left) with CCC Chairman Mr. […]
CACCI President Meets Sri Lankan Finance & Ports Ministers
Colombo – CACCI President Mr. Jemal Inaishvili called on two Ministers of Sri Lanka during his recent visit to Colombo in early January this year. The first photo shows Mr. Inaishvili with Minister of Finance . Hon. Ravi Karunanayake, who is a Member of Parliament for the Colombo District and was the former Cabinet Minister […]
President Inaishvili appointed Vice-President of SRCIC
Hong Kong – CACCI President Mr. Jemal Inaishvili adds another hat to his growing list of officership positions in international organizations, this time as Vice Chairman of the newly launched Silk Road Chamber of International Commerce (SRCIC). Mr. Inaishvili’s appointment was formally made during the launching of the SRCIC on December 20, 2015 in Hong […]
CACCI President signs MOU with Investelligence Group’s CEO
Tbilisi – The Confederation of Asia-Pacific Chambers of Commerce and Industry has signed a Memorandum of Understanding (MOU) with Investelligence Group Pte Ltd.) in which the two organizations agree to set up an exclusive strategic partnership to promote and facilitate cross-border direct investments, partnerships, and business cooperation between CACCI members and other business enterprises. The […]
CACCI President Visits Australian CCI & New South Wales Business Chamber
Sydney – CACCI President Mr. Jemal Inaishvili made a highly successful visit on November 25-27, 2015 to Australia where he and his 14-member delegation were warmly received by the officers and members of the Australian Chamber of Commerce and Industry (ACCI) and the New South Wales Business Chamber (NSWBC), called on key government officials, and […]
CACCI President Attends WCF General Council Meeting in Slovakia
Brastislava – CACCI President Mr. Jemal Inaishvili meets with other participants of the meeting of the General Council of the World Chambers Federation (WCF) held on October 1, 2015 in Bratislava, Slovakia. The General Council is the governing body of WCF, of which CACCI as a transnational chamber organization, represented by Mr. Inaishvili, is a […]
Visit to the High-Tech Park Administration
Minsk – On the afternoon of September 23, the delegation visited the High-Tech Park Administration (HTPA), where they were received by Mr. Yury Derevyanko, Head of Marketing and Development Department. Mr. Derevyanko explained that the Hi-Tech Park Administration was created to manage the High-Tech Park and is in charge of defining the trends and policies […]
Visit to the Belarusian Potash Company
Minsk – The CACCI delegation visited the headquarters of the Belarusian Potash Company (BPC) where they were received by Mr. Alexandr Polyakov, Deputy Director General for Sales and Marketing, and Mr. Ivan Kozlov, Manager, Sales Department. During the meeting, the delegation learned that the BPC was first established in April 2005, reorganized in September 2013, […]
CACCI President Calls on Belarus Deputy Minister of Foreign Affairs
Minsk – On September 22 2015, the CACCI delegation made a courtesy call on Mr. Valentin Rybakov, Deputy Minister of Foreign Affairs of the Republic of Belarus. In his remarks welcoming the visitors, Deputy Minister Rybakov thanked the delegation for taking time out to visit the country and to know more about its current economic […]
CACCI President Holds Successful Two-Day Visit to Belarus
Minsk – Following his visit to Bangladesh early this year, CACCI President Mr. Jemal Inaishvili made another successful visit to another country, this time to Belarus where he and his eight-member delegation met with key officers and members of the Belarusian Chamber of Commerce and Industry, called on high-ranking government officials, and visited a number […]
CACCI President attends B20 Conference in Ankara
Ankara – CACCI President Mr. Jemal Inaishvili joins other delegates at the opening ceremony of the B20 Turkey Conference in Ankara on September 3, 2015. The Business 20 or B20 is an outreach group of G20 which represents the international business community. B20 presents a series of events with the purpose of developing recommendations and […]
CACCI President at the 9th World Chambers Congress in Torino
Torino – CACCI President Mr. Jemal Inaishvili makes a presentation at the Networks Session of the 9th World Chamber Congress held on June 11 in Torino, highlighting CACCI’s Product and Service Councils organized to promote greater business interaction among CACCI members who are in the same product or service line. Mr. Inaishvili also met Mr. […]
CACCI Presidential Delegation Visited 4th China Import Expo Kunshan (CIE 2015)
Kunshan – On May 21, members of the CACCI delegation led by President Inaishvili visited the 4th China Import Expo Kunshan (CIE 2015), which was held from May 20 to 23. The CIE is one of the first international fairs in China focused on boosting imports to the country. The exhibition venue covered 80, 000 square […]
CACCI President participates in World Business Leaders Conference in Kunshan, China
Kunshan – CACCI President Mr. Jemal Inaishvili led a twelve-member delegation to Kunshan, Jiangsu Province in China, to participate in the 4th World Business Leaders Conference hosted by the China Chamber of International Commerce (CCOIC) and the International Chamber of Commerce China (ICC China) on May 20, 2015. The 4th World Business Leaders Conference aimed […]
CACCI President attends B20 IBAC Meeting in Washington D.C.
Washington D.C. – The CACCI President Jemal Inaishvili attended the Joint High-Level B20-World Bank Group Meeting and the First B20 IBAC Meeting in Washington D.C. IMF Managing Director Christine Lagarde addressed the joint high-level B20-World Bank Group on April 17 2015 in Washington DC. Members of the B20 International Business Advisory Council — […]
CACCI President Meets with Chamber Leaders of Ireland
Dublin – CACCI President Mr. Jemal Inaishvili meets with Mr. Ian Talbot, Chief Executive of Chambers Ireland (first photo) and shakes hands with Mr. Conor Healy, Chief Executive of Cork Chamber (second photo) during his visit to Dublin, Ireland in April 2015 . Mr. Inaishvili exchanged ideas with Mr. Talbot and […]
CACCI Presidential Visit to Bangladesh FBCCI and Government Ministers
Dhaka – On the 2nd and 3rd February, 2015, FBCCI hosted the CACCI Presidential Visit to Bangladesh. The President of CACCI, Mr. Jemal Inaishvilli and the President of FBCCI, Mr. Kazi Akram Uddin Ahmed joint hands in working with Bangladesh’s government and business leaders to promote the trade and job-creating benefits of the CACCI and […]