UFA, January 13. /TASS/. Representatives of small and medium-sized business from the Shanghai Cooperation Organization (SCO) and BRICS will gather in October 2015 for the first interregional forum in Russia’s Ufa, the official website of the Russian presidency in the SCO says.
The event, which is set to become the venue for creating conditions for further development, will take place three months after the key summit in Ufa, the capital of Russia's Volga republic of Bashkortostan, which is due on July 8-10.
The business forum has been initiated by the republic’s head Rustem Khamitov who has called for strengthening ties between the countries at the level of regions and municipalities.
The republic’s committee on entrepreneurship and tourism has started preparations for the forum. Some 14 billion rubles ($232.19 million) has been allocated as part of the preparations for both events.
The SCO member-states are Russia, China, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan. Mongolia, India, Iran, Pakistan and Afghanistan have an observer status in the organization.