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IPA signs cooperation agreements with European organizations at SPIEF-2018 - EastRussia | Far East

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IPA signed cooperation agreements with European organizations at SPIEF-2018

The Agency of the Far East for attracting investments and supporting exports (IPA) has entered into a cooperation agreement with the Belgian-Luxembourg Chamber of Commerce today, the document was signed at the St. Petersburg International Economic Forum (SPIEF-2018), the press service of the Ministry of Regional Development said.

It is reported that the agreement provides for the development of investment cooperation between entrepreneurs, firms, as well as enterprises and associations of the Far Eastern Federal District (including TOR and SPV residents), Belgium and Luxembourg. The parties are ready to assist each other in organizing and exchanging business delegations, in establishing direct contacts between companies, organizing and participating in international and specialized exhibitions and fairs.

It is also reported that the IPA has entered into an agreement on cooperation with the Foreign Economic Organization of Austria. The document stipulates investment cooperation in the Far East, development, expansion and improvement of production, trade, and economic ties. The parties pledged to exchange information, facilitate the conclusion of contracts, and also provide assistance in organizing events in the Far East and Austria, establishing direct contacts between companies. In the autumn, it is planned to conduct a business mission of Austrian companies in the Far Eastern Federal District. "We are interested in the arrival of investors in the Far East. Seeing the interest that Austrian investors are showing towards the macroregion, we are considering the possibility of opening the Agency's representative office in Austria, "the comment of the IPA head Leonid Petukhov is provided in the message.

In addition, the IPA concluded a tripartite memorandum of intent to implement a full-cycle plant project to grow soybeans, rapeseed and rapeseed oil with the Japanese Sojitz Corp. and "MKR Capital", a trilateral agreement on cooperation in the development of exchange trades in timber from the St. Petersburg International Commodity Exchange (SPIMEX) and the administration of Primorsky Krai.