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Assam-Sakhalin Region MoU signed

GUWAHATI, May 25: The Assam Government signed an MoU with the Government of the Sakhalin Region (Russian Federation) on Trade-Economic, Scientific-Technical and Humanitarian Cooperation on Friday. The agreement was signed during the ongoing St. Petersburg International Economic Forum (SPEIF) meeting from May 24–26 at St. Petersburg, Russia.

Both the parties shall promote establishment of mutually-profitable cooperation for deepening of understanding and mutual interests of the people of the two countries for further implementation of joint projects in economic, social, scientific, cultural and educational spheres of mutual interest, a press release said. The parties shall develop cooperation in the spheres of trade and investments; education; science and technology; processing of agricultural and fishing industry products; woodworking; coal mining; culture and arts; tourism, sports and youth policy etc.

SPIEF is a global economic forum in the world of business and economics. Assam Industries and Commerce Minister Chandra Mohan Patowary has represented the State in the Forum. Commissioner, Industries and Commerce, Dr KK Dwivedi accompanied him.

SPIEF has been held since 1997, and since 2006, it has been held under the auspices of the President of the Russian Federation. The St. Petersburg International Economic Forum serves as a platform for the discussion of key issues in the world economy, regional integration and new developments in new industrial and technological sectors, the release added

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