SCO Business Club and Eurasia Development Ltd Sign Cooperation Agreement

The Business Club of the Shanghai Cooperation Organisation (SCO Business Club) and Eurasia Development Ltd (ED) signed an Agreement on Trade and Economic Cooperation. The agreement was signed by Denis Valeryevich Tyurin, Director of the SCO Business Club, and Andrey Anatolyevich Prokhorovich, CEO of ED.

A range of activities is planned to improve ties between Russia and China in the field of innovative technologies, increase the share of high-tech exports from Russia to China, create the necessary conditions for implementing investment projects, and support the development of international economic cooperation between the partner countries.

The main areas of development will include: innovation, alternative energy sources, biotechnology, organization of joint research and development activities, food industry, agro-industrial complex, mechanical engineering, oil refining, construction, as well as addressing the efficient use of natural resources, improving information exchange, improving the vocational training system, and organizing and holding scientific and technical events and exhibitions.