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KHABAROVSK, September 18. /ITAR-TASS/. The Russian Ministry for the Development of the Far East has signed a Memorandum on Trade and Investment Cooperation in the Far East with Japan's Itochu Corporration, a Ministry announcement says.
The Ministry points out that Itochu expects to get maximum attractive conditions for investment in a priority-development territory and therefore expresses interest in and readiness for investments provided competitive conditions are granted.
The signing of the document indicates that the Corporation will be prepared to discuss the Russian Ministry's specific proposals about matters aimed at implementing trade and investment projects in Russia's Far East.
The Itochu Corporation is Japan's largest conglomerate which comprises 70 companies and more than 77,000 employees. Itochu turns out the products of textile, petrochemical, energy and automobile industries, and those of information and telecommunication sector. Besides, the Corporation engages in the development of economic minerals and renders consulting services in the transaction of business. The Corporation's office in Russia is located in Moscow.