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Co-Chairs of the Russian-Korean Commission on Fisheries Discuss Investment Project in Nakhodka

On November 12, Deputy Minister of Agriculture of the Russian Federation - Head of the Federal Agency for Fisheries Ilya Shestakov and Deputy Minister of Maritime Affairs and Fisheries of the Republic of Korea Moon Hye Nam visited the seaport in the city of Nakhodka, which is considered as a possible platform for the implementation of a joint Russian-Korean investment project on development of the infrastructure of the fishery complex, the press service of the department reports.

The trip took place as part of the 24 session of the bilateral fisheries commission, which takes place in Vladivostok from November 11 to November 14 2014.

The co-chairs of the Russian-Korean commission examined the port territory and infrastructure facilities, assessing the site from the point of view of the implementation of the Russian-Korean investment project at the port.

In particular, the possibility of creating an International Trade and Logistics Fisheries Center is being discussed.

The parties exchanged views on the timing and order of project development, as well as the feasibility of creating a joint venture for its preparation and implementation. The Korean side was asked to work out a mechanism for attracting financing in accordance with the previously reached agreements on investing in the infrastructure of the fisheries complex of the Far East.

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