Connect with us

Asia Pacific

Russia–Japan Bilateral Trade Turnover Hiked by Over 17% in 2018



The trade turnover between Japan and Russia hiked by almost 18% this year and reached $14 billion thus, deepening their bilateral ties. Japan and Russia are traditional allies in the field of business and have been carrying out trade investments for a long period of time.

The Deputy Prime Minister and Russian presidential envoy for the Far Eastern Federal District Yury Trutnev stated at the roundtable with Japan that “Japan has been one of Russia’s main economic partners in the Asia Pacific. Our trade relations are growing and have grown significantly in the past years. Since the beginning of 2018, trade grew by 17.7% and reached $14 billion”.

The governments of both countries have taken significant steps to enhance their relations, including Japanese investment in Russia, military cooperation, and organizing a year of cultural exchange between Russia and Japan for 2018.

On 27 April 2018, Russia held the fourth Russia-Japan forum dubbed ‘The Points of Convergence’ where the two superpowers discussed pertaining issues concerning the two countries’ trade and economic relations.

The two countries’ tourism cooperation, investment projects for the Far East and other Russian regions, as well as interaction in the areas of infrastructure, technology and energy industry.

On June 23, 2018, Russia and Japan signed a memorandum of understanding (MOU) in Russia’s Far Eastern Republic of Sakha (Yakutia) to develop expand cooperation between the two countries.

Many heavy investment projects were executed on the Russian territory with a contribution of Japanese companies, such as automobile giants Nissan, Toyota, Mazda, and Mitsubishi.

Trutnev added,” A general course on cooperation is being laid out by our leader and we are bidding for it to be successful”. Trutnev said that Russia is keen on refining its investment strategy and welcomes foreign partners in cooperation.

More News at EurAsian Times




Europe4 hours ago

Like India, Greece To Equip Its Rafale Fighter Jets With HAMMER Missiles?

HAMMER (Highly Agile and Manoeuvrable Munition Extended Range) missiles are air to ground precision-guided missiles developed by Safran Electronics &...

F-15EX-india F-15EX-india
Americas13 hours ago

Forget F-16s & F-35s, This Is The World’s Deadliest Fighter Jet With 100 Kills, Without A Single Loss

Over the years, the United States has developed a strategic military partnership with Israel by equipping them with the world’s...

putin-russia putin-russia
EurAsian Region15 hours ago

Russian Sukhoi Su-34 Jet Displays ‘Path-Breaking’ Capabilities; Makes Its First Flight Into The Stratosphere

Russian fighter-bomber aircraft Su-34 carried out a night-time combat exercise reaching to the heights of 15 kilometers at lower stratospheric...

Putin-Macron Putin-Macron
Europe18 hours ago

French President Emmanuel Macron Blames Azerbaijan For Starting Conflict With Armenia

French President Emmanuel Macron on Wednesday voiced solidarity with Armenia amid its conflict with Azerbaijan over disputed Upper Karabakh region....

Israel-Turkey Israel-Turkey
Europe21 hours ago

Greece Turning Into Another Israel: The Way US Backed Israel, EU Is Supporting Greece – Turkish Experts

With growing military confrontations in the Eastern Mediterranean between Greece and Turkey, several European Union (EU) nations have got itself...

Indian-Flag Indian-Flag
Featured21 hours ago

200,000 Muslim Children Disappeared From Uttarakhand Overnight: Another Smear Campaign Or Truth?

A news is getting viral on WhatsApp and Social media in India which EurAsian Times has access to. The news...

Asia Pacific22 hours ago

How India, China Conflict In Ladakh Is Becoming A ‘Test Platform’ For Drone Technology?

In a bid to compete with one another, India and China have been deploying their heavy weaponry and latest armaments...

India-Pakistan ties India-Pakistan ties
Featured22 hours ago

Pakistan Slams India For “Illegally” Freezing Amnesty’s Bank Accounts

Pakistan’s foreign minister – Shah Mahmood Qureshi on Wednesday lamented India “illegally” freezing Amnesty International’s bank accounts and called on...

Featured1 day ago

Russia, China or The US: Which Country’s Air Force Operates The World’s Fastest Fighter Jets?

Ahead of the dawn of sixth-generation fighter jets including Britain’s “Tempest”, US’ secret fighter under NGAD program, and proposed Russian...

Trillion-Dollar-Infra Trillion-Dollar-Infra
Americas1 day ago

“Shut-Up Man!”: Donald Trump Has A Face-Off With Joe Biden At US Presidential Debate

US President Donald Trump and Democratic nominee Joe Biden clashed Tuesday evening during a political showdown that repeatedly broke down...