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Russia and the Republic of Korea will hold the Intergovernmental Commission
The next meeting of the Russian-Korean Intergovernmental Commission on Economic and Scientific and Technical Cooperation will be held 15 July in Seoul, the press service of the Russian Ministry for Far Eastern Development reports.
As noted by the press service, in principle, the holding of the Intergovernmental Commission was discussed during the working visit of the head of Minsk Vostochnaya Krai Alexander Galushka to South Korea, to date the parties agreed on the terms of the event. Previously, the Russian-Korean Intergovernmental Commission was held in 2013 year.
Trade and economic cooperation between Russia and South Korea has become an important part of the complex of bilateral relations. The key areas of cooperation include projects in energy, trade and investment, cooperation in the field of high technology and transport. In 2014, the turnover with the Republic of Korea increased by 9 percent and exceeded 27,4 billion.
According to Galushka, the holding of the Russia-South Korea Intergovernmental Commission is an important step both for the development of bilateral trade and economic relations and for the implementation of trilateral projects (Russia-North Korea-Republic of Korea). In particular, we are talking about the development of the Hasan-Rajin project, which will become part of the eastern route of the Trans-Korean Railway with access to the Trans-Siberian Railway, and the creation of an "energy bridge" to South Korea through the DPRK, the press service reports.