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The GLONASS Union and NORINCO will create a joint venture to promote GLONASS/BeiDou services

Russia and China will create a joint venture for the promotion of services based on both GLONASS and BeiDou technologies. The relevant agreements were reached at a meeting between the GLONASS Union and China North Industries Corporation (NORINCO) in Zhuhai. Herewith, this joint venture will not be focused exclusively on the markets of the two countries and also plans an export to the countries of Central and South Asia, the CIS and Eastern Europe.

For administration of a creation of a joint venture the Russia-China Centre for the implementation of satellite navigation technologies in the civil sphere will be established in the end of this year. The center will become the controlling authority in determining of the future activity of the joint venture and will deal with all issues relating to its establishment.

"We are approaching to the unification of markets of customized solutions. The scale of the Chinese market opens up new prospects for domestic developers," – says GLONASS Union President Alexander Gurko. "- Of course, the joint promotion of GLONASS and BeiDou to the world market can bring much more significant results than the promotion of these systems separately."

Earlier, in October of this year in Moscow GLONASS Union and NORINCO signed a memorandum of cooperation which formalize agreements on cooperative development of navigation technologies in the two countries. Within the framework of the Memorandum both parties set following areas of cooperation: development of the Silk Road project, joint development and production of high-performance GLONASS/BeiDou IC's and navigation receivers, and establishing joint ventures with focus on GLONASS/BeiDou satellite navigation.