Int'l meeting aims to boost investment in Russia's Far East

An international business council will hold its first meeting Tuesday to promote investment and trade in Russia's Far Eastern region, according to a local report.

The council, consisting of executives from major companies of Japan, China and South Korea as well as U.S. officials, would meet in the Far Eastern city of Khabarovsk, RIA Novosti quoted the presidential envoy in the Russian Far East Federal District Viktor Ishaev as saying.

The council was formed to attract foreign investment to the region, eliminate trade barriers and coordinate business activities there.

The move to increase interaction between Russian authorities and foreign investors has been prompted by large infrastructure projects currently under way or planned in the area.
(Source:XINHUA)