On November 28, 1979 under the ruling of the USSR Council of Ministers the All-Union self-financing association Sovincentr was set up. The official opening took place in 1980, and in 1992 the Center for International Trade, Scientific and Technical Cooperation with Foreign Countries was reorganized into a joint stock company JSTC "Sovincentr", co-founded by the Russian Federation Chamber of Commerce and Industry and the Moscow Mayor's Office. In 2000 JSTC "Sovincentr" was reorganized and renamed JSTC "World Trade Center Moscow".