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I Russian-Korean Forum of Regional Cooperation will be held in South Korea in 2018 - EastRussia | Far East

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I Russian-Korean Forum of Regional Cooperation will be held in South Korea in 2018

The first Russian-Korean forum of regional cooperation will be held in South Korea, the second - in Primorye, the press service of the Ministry of Vostok said on the results of the next meeting of the Russian-Korean subcommittee for the Far East and Siberia.

"It was decided that the first forum will be held in 2018 in the Republic of Korea in order to intensify cooperation not only between the governments of the regions, but also between entrepreneurs. All the regions of the Far East will take part in it. We propose that the second forum be held in Primorsky Krai. It is very important for us that this forum be saturated with a concrete economic agenda, promote the growth of mutual trade and increase the number of joint investment projects, "the words of the speech at the meeting of the deputy head of the Minsk region Alexander Krutikov. As reported, the Chamber of Commerce and Industry, foreign trade associations, SMEs can be involved in the work of the forum. The working out of a new interregional mechanism of interaction between the two countries is completed, the document is planned to be signed within the framework of the forthcoming meeting of the joint commission on economic, scientific and technical cooperation between the Russian Federation and the Republic of Korea 7 June in Seoul.

"Practice dictates that when heads of regions are directly elected by citizens, they seek more independence, including in the economy, implement their own projects, so expanding the contact plane between regions in countries such as the Republic of Korea - this is an extension of the plane contacts of the entire country with partner countries. It is very important for the heads of regions to develop the economy and improve the quality of life in their regions, and in this sense, the Republic of Korea considers it very important to develop contacts between the regional authorities and enterprises that are based there ", the press service of the chairman of the Korean part of the subcommittee, Republic of Korea Yong Sun Gu. He also noted that the Korean regions have a sufficiently large resource for expanding cooperation with foreign countries.

Also, the press service of the Minsk Region reported on the results of the meeting of the subcommittee that special recommendations under the auspices of the governments of Russia and South Korea could be prepared for Korean investors who are looking to the Far East.

As reported, the trade turnover between the regions of the Far Eastern Federal District and the Republic of Korea in 2017 increased by the previous year by 29%, to $ 7 billion.