More than 100 officials and businessmen from Chile and Russia met in Russia on Monday to deepen the bilateral commercial ties between the two countries.

According to reports reaching here from Moscow, the event entitled "Chilean-Russian Economy Commercial Days," was organized by the Chilean Direction on International Economic Affairs (Direcon), the Chilean National Society of Agriculture (SNA) and the Russian Chamber of Commerce.

The Association of Sectorial Unions from the Agro-food Complex of Russia and the SNA signed a letter of intent on cooperation.

Businessmen and representatives from trade unions of both countries also held different business meetings.

The Chilean delegation was headed by Agriculture Minister Marigen Hornkohl, and the Russian side led by Elena Danilova, director of the Department of the Americas from the Russian Economic Development Ministry.

According to official figures, the trade volume between Chile and Russia reached 413.3 million U.S. dollars in 2008, up 50.5 percent from 2007.