OREANDA-NEWS. January 28, 2009 the Federal Antimonopoly Service (FAS Russia) held a meeting with the Canadian ambassador extraordinary and plenipotentiary in the Russian Federation, Mr Ralph Lysyshin. At the meeting, initiated by Canada, the parties discussed various aspects of the Russian-Canadian partnership, reported the press-centre of FAS Russia.

In particular, the meeting focused on the FAS Russia's participation on the work of Intergovernmental Russian-Canadian Economic Commission, at the Government of the Russian Federation, cooperation between FAS Russia and Canadian Competition Bureau, as well as various aspects of joint Russian-Canadian activities at the Coordination Committee of the international Competition (ICN) Network.

Special attention was given to cooperation with Canadian embassy and FAS Russia's participation in the seminar "Russian-Canadian relations in the mining sector: cooperation in the new legal field", which took place on 10th October 2008.

The parties also discussed current situation in the global economy. FAS Russia pointed out the position taken by the Government of the Russian Federation for supporting economic competition in the time of global economic crisis.

Andrey Tsyganov, Deputy Head of FAS Russia, informed the meeting on enforcement practice of the Federal Antimonopoly Service related to the Federal Law "On Protection of Competition" and the Federal Law "On State and Municipal Procurement of Goods, Works and Services".

Representatives of FAS Russia and Canadian embassy also discussed the key aspects of enforcement of the Federal Law "Procedures for Foreign Investments in the Business Entities of Strategic Importance for Russian National Defense and State Security".

Discussing the FAS Russia's powers for control over foreign investments in the Russian Federation, Andrey Tsyganov said that "for the first time in the Russian practice, the above Law formulates clear rules for foreign investments in strategic industries and, in particular, provides judicial protection of investors' rights, which is especially important in the time of a financial crisis".