Japan’s Economy, Trade and Industry Minister Hiroshige Seko, who is embarking on a trip to Moscow on Wednesday, seeks to ensure the implementation of 68 documents on bilateral cooperation signed during President Vladimir Putin’s December visit to Japan.

 

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“In Moscow, I would like to exchange views on ways of advancing our economic cooperation taking into account the December meeting between the leaders of the two countries,” Seko, who is in charge of economic relations with Moscow, told TASS ahead of flying to the Russian capital.

 

The minister recalled that during Putin’s visit a total of 68 documents were signed on projects due to be implemented, in particular, regarding private companies. The agreements were reached based on Japan’s plan of cooperation in eight areas, among them energy, industry, urban economy, healthcare and infrastructure development.

 

“Now it is very important to implement these projects and turn them into genuine businesses that will provide equal gains for Japanese and Russian companies. And at the level of government we will cooperate to push forward with implementing the achieved agreements,” he said.

 

“During the visit to Moscow we will hold talks also on those projects that are only being coordinated now. We would like to also look for new areas where we can work,” the minister noted.

 

In an interview with TASS in December, Seko voiced concerns over the decline in bilateral trade linking this to the drop in oil prices, the ruble’s devaluation and problems in the Russian economy. However, regardless of these difficulties, Russia remains at the “forefront of prospects” for Japanese business, the minister said. Japanese-Russian contacts “have big prospects,” he stressed.