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  • AGREEMENTS WORTH NEARLY 1.2 TRILLION RUBLES SIGNED AT EEF

    04 September 2015

    September 4th. The President of the Russian Federation Vladimir Putin has officially opened Eastern Economic Forum (EEF) held at the Far Eastern Federal University (FEFU) campus. On September 3 – 5, the Forum will be attended by more than a thousand guests and participants from 24 countries of the world with the largest delegations arriving from China, Japan, Korea, Singapore and Malaysia. The event will be covered by 700 accredited journalists from leading Russian and international media outlets. More than 60 agreements worth nearly 1.2 trillion rubles have already been signed at the Forum. 

    “Our main priorities in the Far East are the active policy of social development, creating a modern transportation system and educational infrastructure, building affordable housing, establishing a high-quality system of medical services, and, of course, expanding economic freedom,” said Vladimir Putin at the opening of EEF.

    The intensive socio-economic development of the Far Eastern Federal District and effective implementation of its investment potential have become the main theme of the Forum. Foreign businessmen and investors highly value the economic potential and investment attractiveness of the Russian Far East.

    “We expect about 70 major international investment contracts to be signed by the end of the Forum,” said Yury Trutnev, Deputy Prime Minister of the Russian Federation – Plenipotentiary Representative of the Russian President in the Far Eastern Federal District. – “While the precise figures are yet to be calculated, it is already obvious that these will be more than impressive amounts.”

    On the eve of the Forum, Yury Trutnev briefed in detail senior members and leaders of foreign delegations in detail, as well as the heads of the world’s leading high-tech companies from different economic sectors, on the concept of establishing 9 Territories of Accelerated Socio-Economic Development (TAD) in the Far Eastern Federal District by 2018, and spoke about the rich resource and technology base of the region.


    Eastern Economic Forum (EEF) is a unique platform for interaction between leading Russian and foreign experts in economics, public administration and business from Russia and Asia-Pacific countries. It is held at the initiative of Russian President Vladimir Putin. EEF will be held for the first time on September 3 – 5, 2015, in the building of Far Eastern Federal University on Russky Island in Vladivostok in accordance with the Decree of the President of the Russian Federation No. 250 of May 19, 2015. The Forum will be held annually in the future.
    Far Eastern Federal University (FEFU) is the largest institution of higher education in Eastern Russia today and one of the most dynamically developing scientific and educational centers in the Asia-Pacific. More than 40 thousand people are studying here in 370 areas of training and specialties at all levels of education, including specialist degree, bachelor degree, master’s degree, postgraduate studies and doctoral studies programs. The campus of FEFU on Russky Island was built in 2012 for the APEC Summit. Today, FEFU is the central site of scientific and business communication between Russian and international expert communities in the Asia-Pacific region.

    Territories of Accelerated Socio-Economic Development (TAD): TAD will establish favorable treatment for business and other activities in order to attract investments, ensure rapid socio-economic development and create a comfortable environment for daily activities of the population. The key principles of favorable investment climate will be radical deregulation and large-scale tax incentives.  In the Territories of Accelerated Development, “the investors will receive unique opportunities to work in the Russian market and, what is important, an advantageous springboard to directly enter the growing, high-capacity Asia-Pacific market,” said the Russian leader Vladimir Putin at Saint-Petersburg International Economic Forum on June 19, 2015.

    TADs will appear in the Far Eastern Federal District by 2018 in accordance with the Federal Law No. 473-FZ “On the territories of accelerated socio-economic development in the Russian Federation” of March 30, 2015. They will include TAD “Khabarovsk” (industrial, transport and logistics orientation) and TAD “Komsomolsk” (industrial orientation) in the Khabarovsk Krai, TAD “Nadezhdinsky” (light and food industry, transport and logistics orientation) and TAD “Mikhailovsky” (livestock farming, crop production, food production) in the Primorsky Krai, TAD “Priamursky” (industrial, transport and logistics orientation) and TAD “Belogorsk” (agro-industrial orientation) in the Amur region, TAD “Kamchatka” (tourism and recreation, sea ports and industrial, agro-industrial orientation) in the Kamchatka Krai, TAD “Bering” (mining industry) in Chukotka Autonomous Okrug, TAD “Kangalassy” (industrial park) in the Republic of Sakha (Yakutia).