On March 19, 2014 in Tokyo, the representatives of FESCO, Marubeni Corporation and United Grain Company signed a memorandum on cooperation within the framework of increasing the volume of grain exports from the ports of the Far Eastern Region of the Russian Federation as part of the Russian-Japanese investment forum.
The memorandum was signed by Mr. Arkady Korosteljov, Vice President for trading, FESCO, Mr.Daytsuke Okada, Managing Director and Board Member, Marubeni Corporationand Mr.Aram Gukasyan, Acting Director General, United Grain Company.
In accordance with the Agreement, it is expected that the first phase of project implementation in terms of the volume of grain exports from the Far East will amount to 100,000 tons.
Volumes of grain exports may be further increased to 5 million tons. Grain supplies will be administered to Japan, South Korea, China, Taiwan and other countries in Southeast Asia.
The construction of grain terminal is planned for the developmentof cooperation in the line ofgrain exportin the Far Eastern portZarubino.
The parties confirmed their interest in implementing all the commitments and deepening the mutually beneficial cooperation within the framework of this agreement.
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