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Vladimir Miklushevsky: Government of the Russian Federation makes special bets on Primorye

Governor of the Primorsky Territory Vladimir Miklushevsky met with Choi Ryong-he, a member of the Presidium of the Politburo of the Central Committee of the Labor Party of Korea. According to the governor, the government of the Russian Federation makes special bets on Primorye for several reasons - the region is closer to other territories of the Russian Federation to its Asian neighbors, in addition, the region has powerful economic potential and unique logistics capabilities, the press service of the Primorsky Territory told RIA PrimaMedia.

According to Vladimir Miklushevsky, Primorye and Korea are connected not only with friendly, business relations, but also with a common state border.

"As neighbors, it is important for us to maintain friendly relations and further develop trade and economic ties," said Vladimir Miklushevsky.

Tsoi Ryong Ho thanked the host for hospitality and said that earlier he had held business talks with President Vladimir Putin and Foreign Minister Sergei Lavrov.

"I know that Primorye plays a leading role in the implementation of the president's strategy for the development of the Far East. In recent years, the region has noticeably changed and modernized. And there is great potential for joint work," said a member of the Presidium of the Politburo of the Central Committee of the Labor Party of Korea.

The head of Primorye told the Korean partners about the key investment projects that are being implemented in the region. Among them are the Rosneft project to create a petrochemical cluster, the Gazprom plant for the production of liquefied gas, the mineral fertilizer plant, and the industrial assembly of cars by the Sollers company.

"These are just some of the major investment projects, which in terms of investment volume are several times higher than government investments in the APEC summit," said Vladimir Miklushevsky.

He also noted that the region is implementing major projects in the field of dairy and beef cattle breeding, which is especially important in the conditions of the embargo.

"In these areas I see opportunities for mutually beneficial cooperation with the DPRK," concluded Vladimir Miklushevsky.

Note, with the Democratic People's Republic of Korea, Primorsky Krai has 39 km of state border. Territories cooperate in such key areas as construction, agriculture, mining, trade and light industry.

Last year, the trade turnover between Primorye and the DPRK increased by 14% and amounted to $ 23,4 million. And exports increased 1,8 times to $ 21,5 million, imports - by 12% to $ 1,9 million. In the first half of 2014, the foreign trade turnover of Primorye with the DPRK increased by 14% compared to last year.

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