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IPA intends to open another office in China - in Shanghai - EastRussia | Far East

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IPA intends to open another office in China - in Shanghai

The Far East Agency for Attracting Investments and Export Support (IPA) plans to open an office in Shanghai, the press service of the Ministry of Eastern and Eastern Development reported on the results of the Russia-China business dialogue held on Thursday at the 3rd Eastern Economic Forum (WEF-2017). This will be the third agency representation in China, offices are already operating in Harbin and Beijing.

“Investors in the Agency’s offices will be able to quickly receive information and understand where it is profitable for them to do business in the Russian Far East,” the message says the head of the Ministry of Eastern and Eastern Development Alexander Galushka. The Minister noted that 1 August earned a Russian-Chinese center for supporting Chinese business in the Far East.

Reportedly, participants in the Russia-China business dialogue discussed further prospects for cooperation, told about achievements, listed existing problems and ways of their solutions. The vice-premier and the plenipotentiary of the President of Russia in the Far-Eastern Federal District Yuri Trutnev took part in the discussion. He was vice-president of the State Council of the People's Republic of China Wang Yang, secretary general of the Chinese Association for the Development of Enterprises Abroad He Ho Zhenwai. The parties expressed confidence that the work at the forum will bring real practical results for both countries.

As part of the VEF-2017, which ended in Vladivostok, 217 agreements were concluded for a total amount of almost 2,5 trillion rubles, new projects provide for the creation in the Far East of the order of 68 thousand jobs. In total, more than 80 sessions of various formats were held as part of the business program; 34 investment projects were presented on 1,5 trillion rubles. The results of VEF-2017 surpassed the performance of the forums of previous years.