Russia, Switzerland Sign declaration on cooperation

Russia and Switzerland have signed a Declaration on Cooperation between the Russian Ministry of Economic Development and the Federal Department of Economic Affairs of the Swiss Confederation. In the presence of the presidents of the two countries, the document was signed by Russian Minister for Economic Development Elvira Nabiullina and Swiss Federal Councillor for Economics Johann Schneider-Ammann. "The document stipulates our intentions in the sector of innovations, investment promotion and development of advanced technologies. The Declaration complements a three-year plan of economic cooperation between Russia and Switzerland, but is aimed at modernization of the sectors of priority importance as defined by the presidential commission for modernization and economic development," Elvira Nabiullina told Itar-Tass. Before the signing ceremony President Medvedev and Swiss President Micheline Calmy-Rey briefly discussed the current situation in bilateral cooperation and prospects for its development. Medvedev highly assessed the opening of a modern concrete production "as a kind of symbol of bilateral cooperation".