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Russia and Japan creating a platform to promote the two states trade and economic projects

4 september 2019

Andrey Slepnev, General Director, Russian Export Centre, and Nobuhiko Sasaki, Chairman of Japan External Trade Organization (JETRO), within the framework of Eastern Economic Forum-2019, have signed Memorandum of cooperation aimed at creation of Russian-Japanese platform to promote joint trade and economic projects.

JETRO's Trade Tie-Up Promotion Program matching platform, various business events with participation of Russian and Japanese businesses, joint seminars and other training initiatives, as well as integration of the Russian suppliers in the manufacturing networks of the Japanese corporations will serve as project promotion channels.

REC group has been turning its focus toward comprehensive promotion of Russian export-oriented companies in the Japanese market, taking into account the high importance of this country to solve the problems of technological development and expansion of Russian non-resource exports. According to the results of 2018, the trade turnover between the two countries has grown for 19%, passing the mark of 20 billion dollars, with non-resource non-power exports showing the growth of 13%, and reaching 2.8 billion dollars. The basis of the turnover is formed by products of metallurgy, agriculture and forestry.

We have been systematically building our work with the institutions dealing with non-resource exports development around the globe. Today's Memorandum we have signed with our Japanese colleagues is another step towards that. We have started our cooperation last year, when REC group experts held a seminar in JETRO's Moscow office for Japanese companies exporting from Russia, which was dedicated to practical issues of customs drawback and VAT refund in export operations. The important thing is that this Memorandum will contribute to implementation of projects of both large and small businesses levels

Andrey Slepnev

We are very pleased to enter into the Memorandum of cooperation with Russian Export Center, and will proceed with cooperation through exchange of experiences in development of trade and holding seminars, using the network of both JETRO and REC's contacts. Together with REC, we will support bilateral business exchanges between Japan and Russia

Nobuhiko Sasaki
Chairman of Japan External Trade Organization

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