22 July 2024

EEF 2024 offsite event in Chita addresses cooperation between Russia, China, and Mongolia

The Trans-Baikal Territory hosted the New Horizons Foreign Economic Forum, an offsite event of the Eastern Economic Forum (EEF) 2024, on 1920 July. Roughly 1,500 business representatives, government officials, and experts from Russia, China, Mongolia, and Iran took part in the Forum. The central event was the plenary session ‘International Cooperation between Russia, China, and Mongolia’. Representatives of the Ministry for the Development of the Russian Far East and the Arctic, the Federation Council, and the State Duma, regional leaders, and foreign diplomats discussed joint investment projects, the development of tourism, and other opportunities for collaboration between the countries.

Minister for the Development of the Russian Far East and the Arctic Alexey Chekunkov stressed that China and Mongolia remain Russia’s largest strategic partners in the Far East. He said interaction with these countries is actively expanding amidst the geopolitical fault lines that have taken shape around the world in recent years, including in politics, economics, education, culture, and other areas. In particular, Russia has increased trade turnover with China and Mongolia, is intensifying cross-border cooperation, and developing logistics infrastructure. Tourism plays a special role in this work. In 2023, the Far Eastern regions became the leaders in Russia in terms of the growth rate of inbound tourism compared with 2022, which is almost four times higher than the Russian average. This does not only include domestic tourism; residents of China and Mongolia are showing great interest in the Russian Far East as well.

“Unique conditions have been created in the Far East to attract investors and expand business. Special preferential regimes, as well as administrative and tax benefits, have already proven and continue to prove their effectiveness. In total, 300 residents of advanced special economic zones and the Free Port of Vladivostok are investing in the hospitality sector, implementing projects worth RUB 200 billion, and creating around 13,800 jobs. These include major tourism projects that create opportunities for environmental, cultural, educational, health, ski, and cruise tourism. The scale and diversity of these joint projects offer a new quality of collaboration. I am certain that we have boundless potential for cooperation in all areas,” Chekunkov said in a video message to the Forum participants.

The economies of Russia, China, and Mongolia are currently trending upwards, so cooperation between these countries has enormous potential, Trans-Baikal Territory Governor Alexander Osipov said. The region is developing its transport and logistics infrastructure, which has taken economic ties with Russia’s foreign partners to a new level.

“Of all the neighbouring regions in the Far East, the Trans-Baikal Territory has the widest network of roads and railways that lead to the border. Our advantageous position also allows us to reduce the delivery distance for exported cargo by 3,000 kilometres compared with delivery to the eastern ports of Russia, which provided significant savings on rail and road transportation. The plans we have adopted to expand border crossings and transport infrastructure capabilities will result in our cross-border transportation capacity reaching 86 million tonnes by 2030 and 95 million tonnes by 2036,” Alexander Osipov said.

The creation of an international advanced special economic zone based on a decision made at the Eastern Economic Forum 2023 will provide a new impetus for the development of international partnerships. It will be located in the Trans-Baikal Territory, as the region has nine potential residents who can generate RUB 85 billion in investments.

“We continue to work on a bill to create an international advanced special economic zone. We hope to complete this work at the Eastern Economic Forum 2024 and adopt the law during the autumn session,” Chairman of the State Duma’s Committee on the Development of the Far East and the Arctic Nikolay Kharitonov said.

Consul General of the People’s Republic of China in Irkutsk Li Hai said that cooperation in various areas and exchanging experience are of great importance for the development of partnerships between states.

“China, Russia, and Mongolia are neighbours and partners. We are united by a common destiny. Mutually beneficial trilateral cooperation has geographical advantages and deep traditions and is consistent with the fundamental needs and interests of the peoples of the three countries,” Li Hai said.

For his part, Vice Consul of Mongolia in Ulan-Ude Chimed Batbileg said that cooperation between the three countries is strategically important for their further development. Consul General of Iran in Kazan Davud Mirzakhani said that intensifying international ties is inevitable and crucial in the current geopolitical conditions.

In addition, the Forum featured panel sessions dedicated to such issues as medical and health tourism, the creation of new tourist routes in the Far East, and investment and support measures as part of the implementation of projects of international and regional importance.

The cultural programme of the New Horizons Forum included the ‘On the Great Tea Road’ international art exhibition, a joint exhibition of works by Russian, Chinese, and Mongolian masters. In addition, participants had a chance to view an exhibition by the modern Russian sculptor and gunsmith Zhigzhit Bayaskhalanov and the theatrical performance ‘My Cradle is the Golden Aga’. The grand opening of the sculpture ‘The Cauldron of Friendship of Three Countries’ took place on the final day of the Forum. In addition, the Forum featured a photo exhibition about tourist sites in Trans-Baikal, a presentation of traditional products and souvenirs from craftsmen of the region, as well as various master classes in painting and appliqué work.

The New Horizons Trans-Baikal Foreign Economic Forum is a platform that aims to promote cooperation between business and government, strengthen international relations, and present the economic potential and tourism opportunities not only of the Trans-Baikal Territory, but also of the entire Far East. The Forum is being held with the support of the governor and government of the Trans-Baikal Territory, the Ministry for the Development of the Russian Far East and the Arctic, the Far East and Arctic Development Corporation, and the Roscongress Foundation.

The 9th Eastern Economic Forum will take place on 36 September 2024 in Vladivostok on the campus of Far Eastern Federal University. The Forum is being organized by the Roscongress Foundation.