PHD Chamber of Commerce and Industry (PHDCCI) and Anyang Chamber of Commerce and Industry (ACCI), Korea here on Friday signed a Memorandum of Understanding (MoU) to promote, strengthen and develop trade, investment as well as economic, scientific and technological collaboration with their business communities.

The MoU was signed here between President, PHD Chamber of Commerce and Industry, Mr. Gopal Jiwarajka and Chairman, Anyang Chamber of Commerce & Industry, Mr.  Lee, Sang Ho. Mayor, Anyang City Hall, Mr. Lee, Phil Woon; Chairman, Anyang City Council, Mr. Kim, Dae Young and the Secretary General, PHD Chamber of Commerce and Industry, Mr Saurabh Sanyal were also present on the occasion among others.

The MoU also stipulates that the two Chambers would mutually assist and contribute towards the encouragement and expansion of trade and economic relations among entrepreneurs and will regularly exchange information of mutual interest on economy, foreign trade, trade rules and regulations, investment, customs as well as amendments pertaining to trade and investment legislations.

In addition, it also aims at rendering assistance in the organization or participation of business delegations in national, international and specialized exhibitions, information bureaus, symposia, conferences and similar events, taking place in India or Korea in a bid to improve and expand economic collaborations