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Nizhny Novgorod Region projects are presented to Russian-Japanese and Japanese-Russian Committees on Economic Cooperation

Nizhny Novgorod Region projects are presented to Russian-Japanese and Japanese-Russian Committees on Economic Cooperation

Nizhny Novgorod Region projects are presented to Russian-Japanese and Japanese-Russian Committees on Economic Cooperation
Feb 19

Nizhny Novgorod Region projects were presented during 16th Joint Meeting of the Russian-Japanese and Japanese-Russian Committees on Economic Cooperation, which took place on 18 February 2020 in Moscow (Russia).

More than 250 people attended the event, representatives of the largest Japanese corporations, banks, insurance companies, regional governments and the government of the Russian Federation among them. Organizers: Russian Union of Industrialists and Entrepreneurs, National Coordination Center for the Developing Economic Cooperation with Countries of Asia-Pacific Region, Keidanren (Japan Federation of Economic Organizations).

Timur Khalitov, Director General of the Nizhny Novgorod Region Development Corporation, introduced the investment potential of the Nizhny Novgorod Region as well as Research and Education Center and the Industrial production special economic zone. The governor of the Nizhny Novgorod Region, Gleb Nikitin, noted that the experience exchange in the field of education is always significant in cooperation with any countries.

According to Gleb Nikitin, six investment projects with the participation of Japanese capital consisting more than $470 million have been successfully implemented in the region to date, about 3,500 thousand jobs have been created.

“There are many advanced companies in Japan, and we expect that the Nizhny Novgorod Region will be of particular interest as a platform for their production. Colleagues expressed interest in locating their businesses on the territory of the region with preferential conditions that imply the maximum reduction in key tax rates and full provision of utilities,” said Timur Khalitov, Director General of the Development Corporation.

We remind that in June 2019, an agreement was reached between the President of Russia Vladimir Putin and the Prime Minister of Japan, Shinzo Abe, to hold the Year of Russian-Japanese interregional and twinning exchanges in 2020-2021.