20 May 2016

    Minister for the Development of the Russian Far East Alexander Galushka (Deputy Chairman of the Eastern Economic Forum 2016 Organizing Committee) gave a final briefing as part of the ASEAN—Russia Business Forum in Sochi at which he noted the growing interest among investors from ASEAN countries in the new opportunities for business in the Far Eastern Federal District.

    “A wide range of new innovative mechanisms for economic development have been established, including trade and economic cooperation ASEAN countries: advanced special economic zones, the Free Port of Vladivostok and the special Far East Development Fund, and infrastructure support is provided for investment projects. We understand that the previous year was basically an investment debut for our Far East, including in terms of international cooperation. But now we are already talking about specific projects and figures and can cite the first success stories that we are seeing here in the Far East,” Alexander Galushka said.

    The first Eastern Economic Forum (EEF) was held on 3–5 September 2015 in Vladivostok and provided an impetus for the active development of the Far Eastern Federal District as a result of international cooperation with Asia-Pacific region countries. The second EEF, which will take place on 2–3 September 2016, should produce real results in terms of project implementation in priority development areas and at the Free Port.

    The ASEAN—Russia Business Forum aims to promote a constructive dialogue between the leading representatives of business, public, political and expert circles of Russia and ASEAN (Association of Southeast Asian Nations) members on key issues involving trade, economic, investment and technological cooperation and expanding business contacts.