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A.Galushka to discuss the development of trade and economic ties with the DPRK within the framework of the Intergovernmental Commission - EastRussia | Far East

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A.Galushka will discuss the development of trade and economic relations with the DPRK within the framework of the Intergovernmental Commission

5 June RF Minister for Development of the Far East Alexander Galushka will hold in Vladivostok a plenary session of the Intergovernmental Commission on Trade-Economic and Scientific-Technical Cooperation between the Russian Federation and the DPRK.

The Minister will also meet with DPRK Foreign Minister Lee Ren Nam to discuss the development of bilateral trade and economic ties.

3 June in Vladivostok, the third meeting of the Sub-Commission on Interregional Cooperation of the Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation has already been held. During the event, the Korean side offered Russia to assist in finding and attracting Russian investors to a number of investment projects in the DPRK. Representatives of the delegation of the DPRK announced their interest in the participation of Russian research institutions and enterprises in the creation of the High Technology Technopark “Yonjon” and an export-oriented zone with a preferential tax regime in the city of Nampo. The Korean side also expressed interest in establishing business contacts with a number of subjects of the Russian Federation - the Kamchatka and Perm territories, the Irkutsk, Tyumen, Novosibirsk and Kemerovo regions.

At the meeting of the Sub-Commission, the Parties decided to create a new instrument of the Russian-North Korean interregional cooperation - the Program of interregional cooperation between the Russian Federation and the Democratic People’s Republic of Korea.

The next 4 meeting of the Subcommission is scheduled to be held in the first half of the year 2015 on the territory of the DPRK.