Eastern Economic Forum With Focus on Russian Far East to Kick Off Friday

© Sputnik / Vitaliy Ankov / Go to the mediabankPreparations for East Russia Economic Forum
Preparations for East Russia Economic Forum - Sputnik International
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The second Eastern Economic Forum (EEF) will take place on September 2-3 on the campus of Russia’s Far Eastern Federal University on Russky Island.

MOSCOW (Sputnik) — The forum is expected to attract about 2,400 participants and more than 1,000 members of the media.

Delegates from 32 countries, including China, Japan, South Korea, India, Vietnam, Australia and Singapore, plan to participate in the forum. According to Minister for the Development of the Russian Far East Alexander Galushka, the heads of 241 Russian companies and 57 international companies from 28 countries have already confirmed their attendance.

Program

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The second Eastern Economic Forum will be dedicated to the development of the Russian Far East. The EEF program includes three main blocks: Opportunities for Investors, Incentives for Investors and Developing the Russian Far East – Advantages and New Opportunities for the Asia-Pacific Region.

Fifty-two sessions and five international business talks are planned during the forum.

The plenary session will be attended by Russian President Vladimir Putin, Japanese Prime Minister Shinzo Abe and South Korean President Park Geun-hye.

State-Level Bilateral Ties

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Putin is set to meet the Japanese and South Korean leaders within the framework of the second Eastern Economic Forum to discuss bilateral relations and cooperation along with international issues.

The Russian Ministry of Industry and Trade and the Ministry of Trade, Industry and Energy of the Republic of Korea plan to sign a memorandum of understanding to support further opportunities for cooperation at the forum.

Russia and China are planning to sign an agreement to launch two projects during the EEF.

Agreements and Investment Projects

It is expected that 161 agreements worth up to 1.6 trillion rubles ($24.5 billion) will be signed during the EEF. The 2015 Eastern Economic Forum resulted in 80 agreements worth $19.7 billion. As of today, more than 130 agreements valued at around $15.4 billion are ready to be signed at the EEF.

Thirty-four investment projects will be pitched in the field of extraction and processing of minerals, ferrous and nonferrous metallurgy, materials and innovation, agriculture, infrastructure construction, transport and logistics, with participants of the forum expecting to attract total investment of about 1.5 trillion rubles.

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