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The Republic of Karelia and Fujian Province agreed upon establishing friendly relations

On March 6, a delegation from Fujian Province (the People's Republic of China) got acquainted with the economic and investment potential of Karelia. During the eventful program the guests visited the Kizhi Museum Reserve, The FR Engineering center of fire robots technology, Kalevala Wood Processing Mill, Petrozavodsk State University and IT-park, and met Artur Parfenchikov, the Head of the Republic of Karelia.

Today, Fujian is one of the most dynamically developing Chinese provinces. The basis of the industry is the production of electronic equipment, automatics and petrochemical industry. The population of Fujian Province is 38 million people, while the area of the province is about 2/3 of the area of Karelia. In 2016, the province's gross domestic product reached some 2.85 billion yuan (10th place in China). GDP per capita exceeded 70 thousand yuan (7th place in China). It should be noted that Fujian is one of the provinces in China that are most open to foreign contacts.

At the end of the day, there was an extended meeting in the Government of the Republic of Karelia. Mr. Wang Tianming, the Chief Clerk of the Office of Foreign Affairs of the People's Government of Fujian Province, noted that Karelia is a very balanced and open region, with a unique nature, a good base of innovative developments in industry and solid level of higher education and research development. All this gives high hopes for further cooperation between the two regions. Mr. Wang Tianming highlighted promising areas for cooperation between the Republic of Karelia and the province of Fujian: tourism, education and trade and economic cooperation.

In Fujian Province, Karelia is considered to be a promising area for tourism development, while Fujian can become a new tourist itinerary for the residents of our Republic.

Based on the example of PetrSU, Mr. Wang Tianming noted that scientific research is actively conducted in Karelia and they would like to develop cooperation in this field. On their part, Fujian universities are glad to accept Karelian students to study Chinese language.

Speaking about trade and economic relations and investment cooperation, Mr. Wang Tianming said that Fujian has a solid experience in foreign projects investing, so far, mainly in the countries of Southeast Asia. It was also noted that Karelia is rich in natural resources, including large granite reserves.

Mr. Lin Chung, the Deputy Director General of the Development and Investment Corporation of Fujian Province, named the industries of interest to them: hydraulic and wind power projects, wood processing, multipurpose use of natural gas, and mining minerals.

Yuri Saveliev, the Deputy Prime Minister of the Republic of Karelia, addressed the guests on behalf of Karelia. He expressed high hopes for fruitful cooperation with Fujian province. Evgeny Zhirnel, the Acting Minister of Economic Development and Industry, presented the main development directions and investment opportunities of the Republic of Karelia. The Chinese delegation was very interested in the performance of the following companies: FinTek scientific development and production center, Penostek LLC, Total group of companies, NordGidro JSC, and Association of Miners of Karelia.

At the end of the meeting, the parties signed the Protocol on the intent to establish friendly relations and the Memorandum on the results of the visit of the delegation from Fujian Province to the Republic of Karelia. The parties agreed upon strengthening the information exchange on ongoing investment seminars and product fairs of mutual interest, and upon supporting the co-projects. The Chinese guests invited the Head of the Republic of Karelia to come to Fujian province on a return visit, which could take place as part of the BRICS Summit.

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Created: August 21, 2015. Last updated: August 16, 2015.
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