MOSCOW TIME: 13.04.2021 01:49:45

Economy + Local News

Primorye to start closer cooperation with Japan

Primorye to start closer cooperation with Japan

Governor Vladimir Miklushevsky of the Primorye Territory has held a meeting with Isige Hiroyuki, the Chairman of the Board of Directors of JETRO Japan External Trade Organization




Primorye to start closer cooperation with Japan


Governor Vladimir Miklushevsky of the Primorye Territory has held a meeting with Isige Hiroyuki, the Chairman of the Board of Directors of JETRO Japan External Trade Organization. In the course of negotiations, the parties discussed potential cooperation in the territory of Primorye.


In his welcome speech, the Governor noted that comfortable conditions were being created in Primorye for both national and foreign investors. For example, a host of preferences for businesses were enshrined in such revolutionary laws as the laws on Vladivostok Free Port and priority development areas.


Isige Hiroyuki expressed readiness to develop Asian markets together with Primorye.


"At the second Eastern Economic Forum, Prime Minister Sinzo Abe of Japan urged to intensify business communications between Russian and Japanese companies in the Primorye Territory. One of his proposals was to assist in restructuring the Russian industry and creating export bases in the Russian Far East. JETRO could get Japanese businesses involved in this work. Investments and trade, however, are a reciprocal process and we, in our turn, are ready to welcome Russian companies to Japan," Mr.Hiroyuki noted.


Foreign trade transactions between the Primorye Territory and Japan in 2015 totaled $798.7 million. Currently, there are about 30 companies featuring Japanese investments in the Territory and there are also representative offices of such Japaneses companies as Troyka Inc., and Nissin Boeki Co. Ltd., Morikawa Sedzi, Kaisya Ltd., Ebistrade and others.


A number of joint Russian-Japanese projects relating to the automotive, timber processing and healthcare industries are being implemented. The main lines of business carried out by the companies featuring Japanese investments include trade, logistics, public catering, financial activities, timber harvesting and processing, car service, maintenance and other. Representative offices of such Japanese banks as Bank of Tokyo-Mitsubishi UFJ (Eurasia) and Hokkaido Bank, Ltd. have been opened in Vladivostok," Ekaterina Goleva, an officer of the Primorye Administration's Press Office, reported.


JETRO Organization dates back to 1958 and is an entity reporting to the Japanese Ministry of Economy, Trade and Industry.†



Share this:

Share this Share this Share this
† †

NEWS


04.12.2019 TVEL completes the contract for supply of fuel pellets to India for Tarapur NPP

TVEL JSC has shipped to India the final consignment of uranium  fuel pellets for BWR reactors and thereby fulfilled the relevant contract with the Department of Atomic En...

26.09.2019 Vietnam-Russia Bilateral Ties Deepen, Boost Investment

Russia was one of the first countries to establish diplomatic relations with Vietnam, laying the groundwork for a strong bilateral and economic relationship between the countries.

04.09.2019 Russiaís trade turnover with African states up 17% in 2018

Russiaís trade turnover with the African states increased by more than 17% in 2018 to $20.4 bln. A representative of the Russian Foreign Ministry told TASS that the majority of...

EVENTS


INTERVIEWS


18.04.2018 Pskov State University Increases Its International Student Body Thirty...

Higher education can be a profitable export business, provided the system is built correctly and qua...

FEA Education


03.05.2017 Anna Trubetskaya: "Business should be built on Russians"

About the models of business development in another country and professional secrets is told by a practicing expert on work in international markets Anna Trubetskaya

Our partners