16 December 2024

EEF 2024 Summary Analytical Report

In accordance with the instructions issued by the President of the Russian Federation following the 2024 Eastern Economic Forum on 9 November 2024, the Roscongress Foundation has prepared an analytical report* on the results of the event, held in Vladivostok on 3–6 September.

“The Eastern Economic Forum is one of the best tools we have to develop the Far East. It hosts discussions on the most pressing social and economic issues and how to attract investment – everything needed to develop the Far East and the country as a whole and improve quality of life. The long-term implementation of the State Programme for the Socio-economic Development of the Far Eastern Federal District and decisions taken by the Russian President on the sidelines of the EEF have changed the region and its impact on the economy of the broader Asia-Pacific. Discussions at the Forum foster a greater understanding of how things are changing and equip us to respond more effectively to modern challenges while strengthening cooperation with international partners. The Forum has given new impetus to Russia and is making it stronger,” Deputy Prime Minister and Presidential Plenipotentiary Envoy to the Far Eastern Federal District Yury Trutnev said.

The report is an exhaustive study of the most important topics and trends discussed at the Forum and the result of extensive analytical work carried out by Foundation experts.

“The development of the Far East is a strategic priority for Russia, and it will ensure economic growth and strengthen our position in the global market at a time when things are changing everywhere. The region is the standard-bearer for Russia’s economic development, and the Eastern Economic Forum is an essential tool that ensures strategic Far Eastern development goals are met to strengthen the country’s position in the Asia-Pacific region and globally.  The sheer scale of the agreements concluded at EEF 2024 – over RUB 5.5 trillion and 27 contracts with foreign organizations – clearly demonstrates how interested others are in investing in the Far East and the faith they have in Russia as a strategic partner. These investments help us integrate into global economic processes and are proof of the importance of the Far East to the Russian economy as a whole,” Adviser to the Russian President and Executive Secretary of the EEF Organizing Committee Anton Kobyakov said.

The Report on the Results of the Eastern Economic Forum 2024 draws on a wealth of opinions from leading experts, Forum participants, and business representatives to clearly establish the strategic importance of the Far East in the new global economic reality, contains in depth analysis of the important issues facing the region and the country, and proposes concrete ways to continue developing sustainably and integrating into the international economy.

The important findings presented in the report focus in particular on:

        The need to strengthen international cooperation in the Asia-Pacific in the interests of greater economic stability and developing new markets.

        The importance of creating for all interested parties a fair and democratic system of international relations, free from pressure and terms dictated from without.

        The strategic role of the Far East as the standard-bearer of Russian development, overcoming the barriers created by sanctions and opening doors to growing markets.

        The importance of sustainable regional development to strengthening Russia’s position in the global market and integrating into the fast-moving markets of the Asia-Pacific.

        The vital importance of developing transport infrastructure and creating new international transport corridors to integrate Russia into the global economy.

        Technological sovereignty and the development of independent production capacities as a necessary condition of Russia’s economic security.

        The development of social and industrial infrastructure in the Far East to improve quality of life and create new opportunities.

The report also deals with technological development and cooperation within the Eurasian Economic Union (EAEU), SCO, and BRICS. The achievements of the Forum are covered in detail and include 313 agreements signed worth a total of RUB 5.57 trillion.

The EEF 2024 Summary Analytical Report is for anyone seeking to better understand the important trends underlying the development of international cooperation, technological independence, transport infrastructure, and Russia’s economic integration into the global economy.

For more information, check out the Information and Analytical System of the Roscongress Foundation at roscongress.org.

 

* This is a translation of material that was originally generated in Russian using artificial intelligence.

 

 

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