On 7 August 2015, during his working visit to the People’s Republic of China, Representative Plenipotentiary of the Russian President in Volga Federal District Mikhail Babich chaired the meeting with the representatives of the Hubei Province business community. Tatarstan Deputy Prime Minister and Minister of Industry and Trade Ravil Zaripov also attended the meeting.
The Representative Plenipotentiary of the Russian President in the Volga Federal District emphasised that the development of interregional trade and economic relations is the priority area of the Volga-Yangtze format.
It was noted during the meeting that the range of measures to create favourable conditions for foreign investors are being implemented in all the regions of the Volga Federal District.
The members of the delegation from the Volga Federal District answered the questions of Chinese businessmen and expressed their hope that this meeting would give a new impetus to build up business relations between Russian and Chinese entrepreneurs.