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  • EASTERN ECONOMIC FORUM WILL INTRODUCE NEW MECHANISMS FOR THE DEVELOPMENT OF EAST RUSSIA

    29 July 2015

    The official website of Eastern Economic Forum has published a rough draft of the event’s working program.

    Three thematic tracks will be presented in the program: New Economic Policy in East Russia, The Strength of East Russia, and The Future of the Asia-Pacific Region.

    The main theme for discussion with investors will be new investment opportunities in East Russia. “Our expectations are primarily tied to making sure that the mechanisms and instruments of conducting business we have created are presented in a new way, and advanced with the goal of their subsequent practical implementation,” emphasized Russian Minister for Development of the Far East Alexander Galushka.

    The first track, New Economic Policy in East Russia, will present the new conditions for investment and conducting business in the macro-region which have been created today at government level. The main focus will be government support of key investment projects, Priority Development Projects, and the Vladivostok Free Port. A special session will be dedicated to the protection of the rights and interests of foreign investors and partners in East Russia.

    The second track, The Strength of East Russia, will present a series of key sessions which will focus on those main areas which are most promising in the region. These are industrial fishing and aquaculture, the forestry complex, raw materials extraction, tourism, agriculture, energy, and others.

    The third track, The Future of the Asia-Pacific Region, is a series of events related to the integration of East Russia’s economy with the economy of the APR. Topics for discussion will be capital markets, the interface of the Eurasian Economic Union (EEU) with the economic Silk Road, and human capital. Part of the event will be held in a “country-dialogs” format between Russia — Japan and Russia — China

    Additionally, within the framework of EEF, an entire pool of promising Russian and foreign investment projects will be presented, which are applicable for practical execution both inside and outside the framework of Priority Development Projects. The project authors will present to potential investors specially selected presentations made in a “pitch-session” format. Projects presented at the forum will already be in a high degree of readiness for practical execution, with detailed business-plans.

    It is planned that the program will include events for sector-specific dialogs conducted “in-private.” They will be held on September 3–4, with the currently relevant sector-related issues forming the subjects of discussion.

    As a whole, the program for Eastern Economic Forum fits in with the current understanding of the accelerated development of East Russia. All the issues related to the government’s economic initiatives in the macro-region can be found reflected in the events of EEF. More importantly, for some of them, Eastern Economic Forum will be their first appearance at a public forum.

    For example, EEF will be the first time there is a detailed presentation of the law, passed on July 13, on the creation of the Vladivostok Free Port. Additionally, new governmental regulations, forming the entire support system for investment projects in East Russia, will be presented. The first six investors to receive infrastructure support from the government will discuss their experiences.

    In this same way, Eastern Economic Forum will be where the initial Priority Development Territories in East Russia are first presented. In all, nine are planned: two each in the Khabarovsk, Primorye and Amur regions, and one each in Yakutia, Kamchatka, and Chukotka.

    Eastern Economic Forum will also be where the first-ever electronic service for reserving plots of land in East Russia is presented, having been developed as part of the free allocation of land to Russian citizens in Far East Federal District.