FOREIGN CAR PRODUCERS TO SIGN AGREEMENTS WITH RUSSIA

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MOSCOW, April 6 (RIA Novosti) - In April Russia may sign a number of investment agreements with foreign car producers, Russian Economic Development and Trade Minister German Gref told journalists on Wednesday without naming the car companies.

In reply to the question if the Russian side would sign an agreement with Volkswagen in Hanover in mid-April Gref said relevant negotiations were being conducted.

Prime Minister Mikhail Fradkov recently signed a statement on the significant reduction of customs duties on spare parts meant for the assembling of foreign cars on Russian territory.

This measure aims to attract foreign investments in the Russian car industry.

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