Plenary session of the 7th Eastern Economic Forum (EEF) Begins

Plenary session of the 7th Eastern Economic Forum (EEF) Begins

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September 14, 2022 - 5:29 am

Building Business to foster Ties Between Russia And The Asia-Pacific Region


The plenary session of the 7th Eastern Economic Forum (EEF) being kicked off on the campus of the Far Eastern Federal University in Russia's far eastern city of Vladivostok, which is acknowledged to contribute significantly to fostering commercial links between Russia and the Asia-Pacific region, as well as to luring investment flows and technical advancements, and to disclose the rich economic and social potential of the Russian Far East more fully. Speakers included Russian President Vladimir Putin and China's National People's Congress Standing Committee Chairman Li Zhanshu, among other leaders from Armenia, Mongolia, Myanmar, India, Malaysia, and Vietnam.

                                                         

Aim of EEF Forum

The forum aims to spotlight global change guided by new economic models and to provide a platform for dialogue between all stakeholders. The forum's primary events this year include "The Far East Street" exhibition, which highlights the economic, investment, and tourism prospects of all 11 regions of the Russian Far East. This year's forum is entitled "On the Path to a Multipolar World." Far Eastern nations are growing. In its area, more than 2,700 investment projects are now under progress. 120,000 new employment opportunities have also been generated.

                                                          

Population of Far East Of  Russia

The Far East has a small population, and government efforts to repopulate this area have so far proved ineffective. A scheme that aimed to relocate at least 500,000 Ukrainians to the Far East was approved back in 2016. This included settling refugees from East Ukraine and providing free land to entice voluntary immigration from Ukraine. The region’s 6.3 million people translates to slightly less than one person per square kilometre, making Russia's Far East one of the most sparsely populated areas in the world. It is in the easternmost region of Russia and contains over one-third of the country's entire land area, according to geographical records, descriptions, and context.

                                                         

What is the Eastern Economic Forum (EEF)?

The EEF was established by the decree of the President of the Russian Federation in the year 2015. It occurs every year in the Russian city of Vladivostok. It provides a place for discussion of crucial global economic issues, regional integration, the development of new industrial and technological sectors, as well as the current international challenges that Russia and other nations are encountering. The Forum's business programme includes a variety of business discussions with important partner nations in the Asia-Pacific area as well as with ASEAN, a crucial organisation for Southeast Asian countries that are rapidly developing. It has developed into a global forum for addressing the approach to strengthening political, economic, and cultural links between Russia and the Asia Pacific region over time.

                                                           

Nations that attended EEF Forum

More than 5,000 people from 67 nations and regions have attended the forum. During the forum, Russia announced or discussed several bilateral and multilateral cooperation including energy and food with China, Vietnam, Myanmar, and other countries. The US and Western public opinion have been using almost "blanket search" attempts to look for any "criminal evidence" that "China secretly helped Russia" on such a regular occasion for discussing economic and trade cooperation. They have even accused China of "having not restrained from deepening economic ties with Russia." This is offensive, stifling, and absurd.


Discussion in EEF Forum                                                             

In the background of the Forum, politicians and entrepreneurs, experts, and public figures from 40 countries discussed a wide range of issues related to the prospects for deepening trade, investment, and scientific and humanitarian cooperation. With the participation of business circles and regional authorities, the attendees intended to sign long-term and commercial agreements. The Russian Forum organisers are sure that the outmoded unipolar model is being replaced by a new global order based on the core values of justice and equality and recognising each state's and people's freedom to pursue their own independent development paths. Strong political and economic centres are emerging in the Asia-Pacific area, functioning as the catalyst for this unstoppable process.

                                                                  

Profit to EEF Forum

To gain traction in the resource-rich and strategically advantageous Far Eastern region of its partner, India might strengthen the Russian component of its multipolar Grand strategy. In order to have a more stable foundation on which to build the geoeconomic component of its Indo-Pacific strategy, Russia has to make large investments in the Far East. China’s already a key player in that part of the country, but the Kremlin pragmatically wants to pre-emptively avert any potentially disproportionate dependence on the People’s Republic there, like it aims to accomplish generally, as was previously said. Once upon a time, Russia's development of the Far East was seen as having potential for diversification with Japan and the Republic of Korea as partners. However, following the Ukrainian Conflict, those two were wary of alienating their military partner, the United States, by increasing trade with Moscow. Because Delhi has previously demonstrated that it will not unilaterally renounce its objective national interests in relation to its special and advantageous strategic alliance with Russia, India does not face much competition in this area.

                                                                      

China -Russian Collaboration

The US is most interested in China-Russia collaboration and is working to forge the global consensus that "binds" China and Russia. It looks for an easier approach to simultaneously constrain China and Russia. It seeks to "kill two birds with one stone," to put it frankly. In contrast, China-Russia relations are not an alliance in the sense of the West, and collaboration between the two countries has never been exclusive or directed towards a certain party but has always been open. The two separate powers favour collaboration over alliance in their interactions and seek harmony rather than uniformity. There is no "fight between two tigers" nor can they be "bound" by force. Elites in the US and Western nations are likely perplexed by this. We should be appreciative that their will does not govern the entire planet.

Questions and Answers Questions and Answers

Question : What is the primary aim of the 7th Eastern Economic Forum?
Answers : The primary aim of the 7th Eastern Economic Forum is to spotlight global change guided by new economic models and to provide a platform for dialogue between all stakeholders.
Question : How many Ukrainians were approved to be relocated to the Far East?
Answers : 500,000
Question : What is the EEF?
Answers : The EEF is the Eastern Economic Forum, a forum established by the decree of the President of the Russian Federation in the year 2015 that occurs every year in the Russian city of Vladivostok.
Question : What are some of the global economic issues discussed at the forum?
Answers : What are some of the global economic issues discussed at the forum?
Question : What is the background of the Forum?
Answers : The background of the Forum is that politicians and entrepreneurs, experts, and public figures from 40 countries discussed a wide range of issues related to the prospects for deepening trade, investment, and scientific and humanitarian cooperation. With the participation of business circles and regional authorities, the attendees intended to sign long-term and commercial agreements.
Question : What is the Russian Forum?
Answers : The Russian Forum is an organisation that believes that the unipolar model is being replaced by a new global order.
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