Press release 247/2012
26 October 2012
The chairs of the Finnish–Russian Intergovernmental Commission for Economic Cooperation met in Helsinki on 26 October. This was the first meeting between Minister for European Affairs and Foreign Trade Alexander Stubb and Deputy Prime Minister Dmitry Kozak, the new chairman for the Russian side.
The meeting agenda included issues pertaining to the development of trade and investment, shipbuilding, and cooperation in the energy, transport and forestry sectors. The ministers also discussed Russia’s membership of the WTO, modernisation partnership between the two countries as well as Finland’s cooperation with Russian regions.
The Commission for Economic Cooperation is a forum for economic cooperation between Finland and Russia. The Commission’s role is to remove trade and investment barriers and promote links between companies as well as the development of the climate for business. Fourteen sectoral working groups encompassing key areas of cooperation operate under the Commission. In addition, the Commission provides a framework for Finland’s cooperation in a total of ten Russian regions.
The previous meeting of the Commission for Economic Cooperation was held in St. Petersburg in March 2011. The next joint meeting is due to take place in the spring of 2013 in Finland.