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Eastern Economic Forum

Eastern Economic Forum:

The Union Minister of Ports, Shipping & Waterways will attend the Eastern Economic Forum, which is being held at the Russian port city of Vladivostok.

  • Eastern Economic Forum was established in 2015 to support the economic development of Russia’s Far East and to expand international cooperation in the Asia-Pacific region.
  • It is a key international platform for establishing and strengthening ties within the Russian and global investment communities.
  • For a 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.
  • Russia Far East is the easternmost part of Russia.
  • The macro-region borders two oceans, the Pacific and the Arctic, and five countries (China, Japan, Mongolia, the United States and the DPRK).
  • The Far Eastern region spreads over four time zones and various climate zones, from northern deserts to subtropics.
  • It is rich in natural resources like diamonds, borax, etc.