The Eastern Economic Forum (EEF) 2024 is currently being held in Vladivostok, Russia. This annual forum focuses on promoting the economic development of Russia’s Far East and enhancing cooperation with the Asia-Pacific region.
About Eastern Economic Forum (EEF):
- The EEF was established in 2015 with a mission to boost the economic growth of Russia’s Far East and expand international collaboration, particularly with countries in the Asia-Pacific region.
- The forum is a critical platform for creating partnerships between Russian and global investors. It helps analyze the economic potential of Russia’s Far East, focusing on investment opportunities and conditions within advanced special economic zones.
- The event highlights business conditions, while also offering an expert evaluation of the region’s economic capabilities.
About Russia’s Far East:
- The Far East is the easternmost region of Russia, bordering two oceans: the Pacific and the Arctic.
- The region shares borders with five countries: China, Japan, Mongolia, the United States, and North Korea (DPRK).
- It stretches over four time zones and features diverse climates, from northern deserts to subtropics.
- The area is abundant in natural resources such as diamonds, borax, and coal, accounting for about 1/3 of Russia’s coal reserves.
- The region also has significant hydro-engineering resources that contribute to the country’s economic strength.
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Frequently Asked Question:
What is the purpose of the Eastern Economic Forum?
The EEF aims to enhance economic growth in Russia’s Far East by promoting international cooperation and investment opportunities.
When was the Eastern Economic Forum established?
The Eastern Economic Forum was established in 2015.
How does Russia benefit from partnerships with Asia-Pacific countries?
Russia gains trade opportunities, investment, and infrastructure development through its partnerships with Asia-Pacific countries.