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Russian Federation and Japan have signed a memorandum concerning the foundation of the platforms for cooperation in the sphere of small and medium entrepreneurship

03.09.16

Minister of Economic Development of the Russian Federation Alexei Ulyukayev and Minister of Economy, Trade and Industry of Japan Hiroshige Seco have signed a memorandum concerning the establishment of the platforms for cooperation in the sphere of small and medium entrepreneurship (SME) between the Ministries of the two countries during the bilateral meeting within the frame work of the «East economic forum».

Signing of the document, mentioned highly above will become the bases for the realization of one of the points of the Strategics Partnership Plan between Russian Federation and Japan in case of expandsion of the experience between Russian and Japanese SMEs, which was performed by Mr.Abe (The Prime-Minister of Japan) for Mr. Putin (The President of the Russian Federation) on May 2016.

The Memorandum on the establishment of the platforms will contribute to the qualitative improvement of the level of Russian-Japanese relations in the sphere of SME.

According to the document Russian and Japanese sides will create the platforms, including the appropriate structures, which establish working groups on cooperation in the sphere of SME , venture financing , business innovation, food and other fields.

The working groups will include relevant Ministries and Departments, government agencies, business - associations, public authorities, financial institutions, SME development institutions and other interested organizations.

The platforms will carry out activities aimed at supporting the SMEs of their country, including the elaboration of the agenda of international cooperation, support in the sphere of finance, information, know-how of SMEs who are going to invest and to export into the counterpart state, organize bilateral meetings and events. The Sides also plan to organize business missions with the participation of SMEs on a constant basis.

"Our main task is to create a conducive and comfortable environment for realization of the projects in the sphere of small and medium-sized entrepreneurship in both countries - said Alexei Ulyukayev. - We see a great potential at the development of the Russian - Japanese cooperation between SMEs and we are confident that this work will contribute to the growth of our mutual trade turnover."

The State Secretary, Deputy Minister of Economic Development of the Russian Federation will be the chairman of the Russian Platform, Deputy Minister of Economy, Trade and Industry of Japan on international affairs will the chairman of the Japanese Platform.

After signing of the document the sides plan to agree further cooperation.

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