Mogilev Region Vice Governor Vladimir Kravtsov and Vice Governor of Smolensk Region Igor Savchenko met in Mogilev to discuss co-operation in trade, economy and the humanitarian sphere.
According to the foreign trade department of Mogilev Region Administration, Smolensk Region accounts for 4.7% of the trade turnover between Mogilev Region and Russia.
In 2007 the trade turnover between Smolensk Region and Mogilev Region totaled $73.9 million. The leading exporters were Belshina OJSC, Mogilevkhimvolokno OJSC, Granny's Jar OJSC, Mogilevliftmash UE, Bobruiskagromash OJSC and Lenta OJSC.
In 2004 the two regions signed a long-term co-operation agreement.