The collaboration between EDB and the Chamber of Commerce and Industry of the Russian Federation will focus on the development of trade, investment and production cooperation between the CES countries

Almaty, 22 June 2012. Eurasian Development Bank (EDB) and the Chamber of Commerce and Industry of the Russian Federation signed today a cooperation agreement. The document was signed by Igor Finogenov, Chairman of the EDB Management Board, and Sergey Katyrin, President of the Chamber of Commerce and Industry of the Russian Federation, in the framework of the St. Petersburg International Economic Forum.

The parties agreed to develop collaboration aimed at the promotion of trade, investment and production cooperation between the economies that take part in the processes of Eurasian economic integration and the development of cross-border trade between the regions of Russia and the regions of the CES member states.

«At the same time, EDB and the Chamber of Commerce and Industry will consolidate efforts in finding solutions to issues such as the improvement of the investment climate and the removal of barriers to the development of business in Russia. We are interested in the Chamber’s close ties with Russian regions, which can provide us with additional opportunities in implementing joint projects with administrations of the constituent units of the Russian Federation,» Igor Finogenov, head of EDB, said.

Additional Information

The Chamber of Commerce and Industry of the Russian Federation is non-government non-for-profit organisation representing the interests of small, medium and large-sized businesses. The Chamber’s activities extend to all areas of business, including industrial production, domestic and foreign trade, agriculture, finance, and services. The Chamber promotes the advancement of the Russian economy and its integration with the global economic system and fosters the creation of favourable conditions for the development of all types of business activities. The Chamber of Commerce and Industry of the Russian Federation unites 174 territorial chambers of commerce and industry, over 200 business unions and associations at the federal level and 500 business associations at the regional level, which represent the main sectors of the Russian economy, and approximately 50,000 businesses and companies of various forms of ownership.

Eurasian Development Bank is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth and the expansion of mutual trade and other economic ties in its member states. EDB’s charter capital exceeds US $1.5 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan. Read more at https://www.eabr.org.