The Delegation of Altai Krai strengthens cooperation with colleagues from Kangwon Province of the Republic of Korea

The Delegation of Altai Krai strengthens cooperation with colleagues from Kangwon Province of the Republic of Korea

In Sokcho-si, the Republic of Korea, the opening ceremony of the International Exhibition GTI EXPO - 2016 has recently held, where the representatives of the Administration of Altai Krai were as special guests.

A working meeting of the Head of the delegation – the Deputy Governor of Altai Krai Alexander Lukyanov with the Vice-Governor of Kangwon Province Meng Song Kyu. The parties discussed the perspective directions of cooperation in agriculture, biopharmaceuticals, culture and education. Korean party was proposed for consideration the possibility of organizing of joint ventures for processing of velvet antlers reindeer products and baby food production in the region. The Administration of Kangwon province expressed an interest in the detailed development of the proposed directions of cooperation. The plan of co-operative activities between Altai Krai and Kangwon province in 2017 was signed at the meeting. The document covers a wide range of activities in the trade, economic, sports and cultural spheres.

Official website informed that Altai Krai took part in the GTI EXPO exhibition for the first time. The delegation included representatives of the region's five Altai companies: pharmaceutical factory “Galen”, Altai Tea Company, “Altai-Sanddorn”, “Altai Visterra” and “Altamar”. They presented their products at the joint stand of the region, organized by the Department of Altai Krai for tourism, recreation, interregional and international relations together with the trade department of the Embassy of the Republic of Korea (KOTRA) in Novosibirsk.

It should be reminded that a memorandum between the Administration of Altai Krai and Kangwon Province on trade-economic, scientific-technical and cultural cooperation was signed during the official visit of the delegation of Altai Krai in Korea in March last year.

The document reflects the priorities of cooperation between two regions. The parties intend to develop cooperation in medicine, pharmaceutics and biotechnology, to expand relations in industry, agriculture, trade, science, culture, sports and tourism. The Memorandum provides for the organization of information exchange regarding the foreign economic activity, support for small and medium-sized business of Altai Krai and the province.

In 2015, a delegation from the Republic of Korea made a return visit to Altai Krai to get acquainted with the investment potential of the region.

Companies of the region and Korean colleagues have been concluding several cooperation agreements for two years in a row, providing for the supply of products and the conduct of joint research projects in pharmaceutics.



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© 2016 Altai Krai Administration.
Altai Krai Chief Administrative Department of Economics and Investments
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