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A.Galushka will discuss the development of trade and economic relations with the DPRK within the framework of the Intergovernmental Commission

5 June RF Minister for Development of the Far East Alexander Galushka will hold in Vladivostok a plenary session of the Intergovernmental Commission on Trade-Economic and Scientific-Technical Cooperation between the Russian Federation and the DPRK.

The Minister will also meet with DPRK Foreign Minister Lee Ren Nam to discuss the development of bilateral trade and economic ties.

On June 3, Vladivostok hosted the third meeting of the Sub-Commission on Interregional Cooperation of the Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation. Within the framework of the event, the Korean side offered Russia to assist in finding and attracting Russian investors in a number of investment projects in the DPRK. Representatives of the DPRK delegation announced their interest in the participation of Russian research institutions and enterprises in the creation of the Eunjong High Technology Technopark and an export-oriented zone with a preferential tax regime in Nampo. Also, the Korean side expressed interest in establishing business contacts with a number of constituent entities of the Russian Federation - Kamchatka and Perm regions, Irkutsk, Tyumen, Novosibirsk and Kemerovo regions.

At the meeting of the Sub-Commission, the Parties decided to create a new instrument of Russian-North Korean interregional interaction - the Program of Interregional Cooperation between the Russian Federation and the Democratic People's Republic of Korea.

The next 4 meeting of the Subcommission is scheduled to be held in the first half of the year 2015 on the territory of the DPRK.

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