The Eastern Economic Forum is a key international platform for establishing and strengthening ties within the Russian and global investment communities, and for comprehensive expert evaluation of the economic potential of the Russian Far East, the investment opportunities it offers, and business conditions within advanced special economic zones.
The Eastern Economic Forum was established by decree of the President of the Russian Federation Vladimir Putin in 2015 to support the economic development of Russia’s Far East and to expand international cooperation in the Asia-Pacific region.
“Above all else, the 7th Eastern Economic Forum, like the previous one, is a step forward in the development of the Far East. A step not only in terms of the number of guests or the number and scope of agreements, although these figures are impressive. This is the first post-COVID forum that was attended by more than 7,000 guests. Despite the sanctions and external pressure, the Far East continues to develop and it cannot be stopped with sanctions and external restrictions. Today, 2,729 investment projects are being implemented in the Far East, and 525 of them have already been put into operation. The macro-region’s economy has received around RUB 2.7 trillion in investments, more than 100,000 jobs have been created, and now more than 290 agreements have been signed at the Forum for a total of RUB 3.27 trillion, which is also a record. But that’s not the only thing. The Forum was established as a platform for dialogue with business and to obtain feedback from entrepreneurs and society about the most pressing issues in the development of the Far East. This year, more than a hundred events were held as part of the Forum, and their key results were reported to the president. He supported most of the decisions made at the sessions, which means that all the prerequisites are in place for the Far East to develop faster.”
The Forum was attended by more than 7,000 participants and media representatives from 68 countries and territories, including Russia, with around 1,700 business representatives from 700 companies.
Over 100 events were held as part of the main programme, including more than 70 at thematic venues. More than 750 speakers and moderators took part in the events, which were held in the format of sessions, business dialogues, and roundtables.
A record number of investment agreements, as well as memorandums and agreements of intent, were signed at the Forum. In total, 296 agreements were signed for a grand total of RUB 3.272 trillion, including agreements on infrastructure and transport projects, the development of large mineral deposits, as well as construction, industry, and agriculture.
Events at the Forum traditionally took place in the form of panel sessions, roundtables, televised debates, business breakfasts, and business dialogues devoted to Russia’s relationships with various countries.
The Forum business programme includes a number of business dialogues with leading partner countries in the Asia-Pacific region, and with ASEAN, a key integration organization uniting dynamically developing nations in Southeast Asia.
EEF 2022 also saw several exhibitions of various kinds take place.
An exhibition by the Ministry for the Development of the Russian Far East and Arctic
The multimedia exposition of the Far East and Arctic Development Corporation and the Ministry for the Development of the Russian Far East and the Arctic became one of the largest at the EEF both in terms of its area and the number of services and events presented.
Welcome to the Far East!
Key departments of the Ministry of Natural Resources and Environment, the Ministry of Industry and Trade, the Ministry of Transport, the Ministry of Education and Science, the Federal Service for Surveillance on Consumer Rights Protection and Human Wellbeing, the Federal Agency for Tourism, the Prosecutor General’s Office, the Federal Medical-Biological Agency, the Federal Service for State Registration, Cadastre, and Cartography, and Roscartography presented their expositions at the exhibition ‘Welcome to the Far East!’ to introduce the Forum’s guests and participants to the most important areas of their work as well as their ongoing and future projects.
The Federal Agency for Fisheries organized the Russian Fish House chalet, where the Forum’s guests and participants not only learned about the largest investment projects of fishing and fish processing companies in the Far East region, but also tasted gourmet seafood and fish dishes prepared by chefs from top restaurants in Moscow and Vladivostok. The Ministry of Sports had two pavilions: ‘Sport – a Vital Norm’ and ‘GTO Arena’, which hosted the ‘GTO Games 2022’ Open International Cup of the Far East for the first time.
The exhibition, located on Ajax Bay Promenade, featured all 11 regions of the Russian Far East. Together, they showcased their potential and accomplishments in culture, tourism, and the economy.
This year marked the first time that the exhibition featured special zones, where the following business programme events were held: the Youth Multimedia Creative Campus; the Ministry of Sport pavilion; the House of Indigenous Peoples.
A number of pavilions on the Far East Street made their debut this year, including: the Tiger House interactive pavilion timed to coincide with the 2nd International Tiger Forum; the ‘Developing the Far East!’ pavilion (Far East and Arctic Development Corporation and the Ministry for the Development of the Russian Far East and the Arctic) with a large multimedia exposition and modules on the themes Subsoil Resources, Land, Forest, and Water; the House of Indigenous Peoples; and a three-star hotel from the corporation Tourism.RF.
The Forum was attended by more than 7,000 participants and media representatives from 68 countries and territories, including Russia.
The largest foreign delegations consisted of representatives from China, Myanmar, Mongolia, India, Armenia, and South Korea.
For the first time, representatives of such countries as Algeria, Ghana, the Dominican Republic, the Donetsk People’s Republic, Zambia, Cameroon, Liberia, and Uganda took part in the Forum.
The Free Port of Vladivostok (FPV) is an area where investors can benefit from special customs, tax and administrative regulations.
More information is available in the ‘About the Free Port’ section.
An advanced special economic zone (ASEZ) is a zone within a federal subject of the Russian Federation which has been granted specific legal status to facilitate entrepreneurial activity.
More information is available in the ‘Advanced special economic zones’ section.
A special administrative region (SAR) is an area offering flexible tax and currency regulations for companies which have decided to relocate to Russia from a foreign jurisdiction.
More information is available in the ‘A special administrative region’ section.
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