OREANDA-NEWS. March 22, 2011. Andrey Tsyganov, Deputy Head of FAS Russia held a meeting with a delegation of the Organization for Economic Cooperation and Development led by Robert Lee, Deputy OECD Director, Financial and Enterprise Affairs, reported the press-centre of FAS Russia.

The OECD delegation visited to Russia in a fact-finding mission to prepare the Review of investment policy of the Russian Federation as part of Russia’s accession to OECD.

At the meeting the parties discussed specifics of applying the Federal Law “On the Procedures for Foreign Investments in the Business Entities of Strategic Importance for the National Defence and State Security”, particularly those aspects that arose the most interest of OECD experts.

FAS Russia representatives pointed out that the provisions of the law on strategic foreign investments fully conform to the main principles of the OECD Council’s Guidelines for Recipient Country Investment Policies Relating to National Security (non-discrimination, transparency of policies and predictability of outcomes, proportionality of measures, and accountability of implementing authorities).

The parties made arrangements about further cooperation at the expert level towards preparing the Review of investment policies as part of accession of the Russian Federation to OECD.

“FAS is always ready for an open dialogue and cooperation with international organisations and experts. Direct communication facilitates better understanding of the specific of Russian law and enforcement by our foreign colleagues”, commented Deputy Head of FAS Russia Andrey Tsyganov.

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Organisation for Economic Cooperation and Development is an international organisation of developed countries that share the principles of representative democracy and free market economy.