Russia's Tatarstan Investment Development
Agency (TIDA), will work on a memorandum of understanding (MoU) to formarlise
and further promote and boost bilateral investment relations.
The
president of Tatarstan, Rustam Minnikhanov decided to set up the TIDA to be
modeled after MIDA, during his visit to Malaysia in December 2010.
International
Trade and Industry Minister Datuk Seri Mustapa Mohamed, who attended the 18th
APEC Ministers Responsible for Trade Meeting in the Tatarstan capital, Kazan,
recently, met with Minnikhanov.
He
invited Tatarstan companies to explore opportunities in Malaysia and establish
business collaboration between it and the ASEAN markets.
This is
part of the decision reached to step up trade and investment promotional
activities involving the business communities of Malaysia and Tatarstan during
the meeting.
"Malaysia
will also encourage its businessmen to visit Tatarstan to explore trade and
investment opportunities there as well as neighbouring markets and explore
joint venture opportunities," Mustapa added.
He said
it is imperative for the private sectors of both Malaysia and Tatarstan to stay
engaged and more efforts must be undertaken towards this.
Tatarstan
is one of the most dynamic Russian republics with abundant natural resources.
BERNAMA
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