On March 9, 2021, the «Volga-Rhine» Union signed an Agreement on interaction and cooperation with the Autonomous Institution of the Chuvash Republic «Industrial Development and Investment Activity Fund of the Chuvash Republic».
The purpose of this Agreement is the interaction of the parties to promote competitive domestic products to the EU market, as well as assistance in attracting foreign investment in priority projects implemented in the leading industries of the Chuvash Republic.
The Union is ready to support the Fund and its partners in organizing visits of foreign delegations to Chuvashia, and for the republican organizations - provide services to promote products to the EU market, using the capacity of a representative office and a warehouse distribution center which is going to be opened in April 2021 in Germany (Frankfurt-am-Main).
At the same time, the parties plan to exchange information, hold thematic seminars, round tables and other events (including international ones) which encourage the expansion of business contacts, as well as the development of regional industrial policy and investment activities.
Also, in order to support export-oriented business entities of Chuvashia, the «Volga-Rhine» Union actively cooperates with another regional development institution - the Export Support Center of the Chuvash Republic. For its partners the Union develops and implements individual strategies for entering the EU market.