Russia, Japan eye closer economic ties

Daily Sun, 30 July 2012

MOSCOW: Russian President Vladimir Putin said yesterday that Moscow and Tokyo should strengthen economic cooperation between the two countries.

Among areas of cooperation, auto industry and energy sector should be given priority, Putin said, adding that a number of Japanese car manufacturers intended to enter the Russian market.

During his meeting with visiting Japanese Foreign Minister Koichiro Gemba in the Black Sea resort of Sochi, Putin called for Russian-Japanese auto manufacturing projects and other joint projects to be implemented, the Kremlin press service reported.

“I would like to assure you that we shall do everything to make sure our Japanese counterparts are not disappointed and happy with their work in Russia,” Itar-Tass news agency quoted Putin as saying.

Meanwhile, the two sides have been working closely in the energy sector, thus the future of energy cooperation is also positive, Putin noted. A good example of close energy ties is that Russian natural gas has covered a share of ten percent in the Japanese market, said the president. —Xinhua

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