08.11.2016
Japanese business ready to invest in the Russian Far East $1 bln

Japanese business ready to invest in the Russian Far East $1 bln



According to the press service of the Ministry for Development of the Russian Far East active interactions with Japan led to Japanese FDIs of $1 billion.

Minister Alexander Galushka pointed out that such new tools as Territories of Advanced Development and Vladivostok Free Port, as well as, support of investment projects under implementation in the Russian Far East, contributed greatly to this result.

The statement followed a meeting of Minister Galushka with Hiroshige Sekō, Minister of Economy, Trade, and Industry of Japan, who is also currently the Minister for Economic Cooperation with Russia. During the meeting, preceding the official visit of President Putin to Japan, the parties discussed a plan for intensification of bilateral economic relations in the Russian Far East. The document consists of 18 priority areas and projects in the fields of energy, transport, industry, medicine, agriculture, urban development and establishment of investment platforms.