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2008 April 17   07:12

Trade between Russia and Japan increased fivefold

The volume of trade between Russia and Japan increased five times over recent years, Masahiko KOMURA, the Minister for Foreign Affairs of Japan said to Interfax.

He noted that trade and other economic relations between Russia and Japan have noticeably activated in the recent years. "The volume of trade between the two countries has increased five times over the past five years and exceeded 20 billion dollars," said the Minister. He stressed that recently the number of Japanese enterprises entering Russian markets has also increased.

Mr. KOMURA added that cultural and humanitarian exchanges are also developing. They "are necessary for deepening mutual understanding between people of the two countries." In particular, in accordance with an agreement reached on the highest level, starting this year youth exchanges will be significantly expanded.

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