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Minister of Economy of Japan to visit the Far East in summer - EastRussia | Far East

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Minister of Economy of Japan to visit the Far East in the summer

The Minister of Economy, Trade and Industry of Japan Hiroshige Seko, responsible for the development of economic cooperation with the Russian Federation, will visit the Far East in the summer, the press service of the Ministry of Economic Development said, citing Prime Minister Shinzo Abe's statement at the plenary session of the St. Petersburg International Economic Forum (SPIEF- 2018).

As reported, Shinzo Abe noted that the number of Russian-Japanese projects is growing, which is facilitated by TORs and SPV. "The Japanese business would not come to Russia, if there was no certainty that it is possible to implement projects here," the press service quotes. As an example, the Japanese prime minister brought the project of the company Hokkaido Corporation. From his words, Japan can become a reliable partner of Russia in matters of preserving health and increasing the life expectancy of Russians. In May this year in Vladivostok a center for the rehabilitation of patients with musculoskeletal disorders and recovery after strokes was opened, next year it is planned to open a balneological hospital on Sakhalin, within the framework of TOP "Mountain air".

"Japan is one of the strategically important partners of the Far East. In 2017, the trade turnover between our territories increased by 3,9% compared to the previous year and amounted to $ 5,3 billion. In the macro-region, seven projects with the participation of Japanese investments totaling $ 215 million are located in the active phase. At the same time, the potential for cooperation between the Far Eastern territories and Japan is higher at times. At the St. Petersburg International Forum with the largest Japanese company Sojitz Corp. signed an agreement on the establishment of modern production in the field of crop production in the Torzh "Mikhailovsky" in the Primorsky Territory. We are working with Japanese partners to attract investment in transport and logistics, chemical, forestry and information technology industries, "the commentary by the head of the Minsk region, Alexander Kozlov, appears in the message.

The Ministry recalls that a joint Russian-Japanese company has been established to support investment projects in the Far Eastern Federal District, which has already started considering the first applications from investors.