The companies of China are currently one of the strategic foreign trade partners of the Kaliningrad region. Only last year, the trade turnover between the westernmost region of Russia and the PRC business amounted to more than $ 850 million. The greatest contribution to its development was made by cooperation in the field of amber industry, medicine, tourism, and agriculture. The governor of the region Anton Alikhanov, representatives of the Kaliningrad Region Development Corporation and the Union of Foreign Investors of China discussed the widening of the spectrum of these areas of interaction and the parameters of particular projects on May 16 in the regional government's meeting room. The Development Corporation at the talks was represented by Deputy General Directors Natalya Masyanova and Oleg Skvortsov, the Union of Foreign Investors of the Investment Association of China was represented by its chairman Liu Xinyin.
Head of the region Anton Alikhanov, who attended the meeting, stressed that the regional authorities are ready to support any initiatives of the Chinese business related to investing in the economy of the westernmost region of the country. Oleg Skvortsov spoke in more detail about the benefits, investment opportunities and priority directions of industrial policy.
Liu Xinying, Chairman of the Union of Foreign Investors, thanked the Government and the Development Corporation for the reception and said that at the moment the Association is seriously interested in long-term cooperation with the Kaliningrad region in shipbuilding, transport, tourism and pharmaceutical fields. "Already in the near future, our Association is ready to hold an exhibition of the best medical and pharmaceutical companies in the Kaliningrad region. They will show their technology, products and get acquainted with potential partners in the region. We are ready to discuss the details of the exhibition during the next visit to the Kaliningrad region in early June", said Liu Xining.
Other promising areas of cooperation between the Kaliningrad region and the Union of Foreign Investors of China were reflected in the agreement on strategic partnership, which was signed at the end of the meeting held in the regional government.
For reference. The Investment Association of China is a state organization in the field of innovation and construction, established by the State Committee for Development and Reforms of the PRC. For 10 years the Association has united over fifteen thousand members, including both state-owned enterprises and large private companies. To implement the state policy of investing in other countries and organizations of integrated support of Chinese enterprises, the Union of Foreign Investors was established. It is engaged in assessing the need of foreign markets for investment, analyzing investment risks, organizing investor relations with customers and partners, holding meetings, traveling members of the Union abroad, and controlling the implementation of investment declarations by Chinese companies.