Heading East: The Eastern Economic Forum & The New Look Of The Far East

According to the representatives of the EEF-2021 Organizing Committee, the main thing for the upcoming event will be “attracting investors and receiving feedback from business: to what extent we are able to form effective support mechanisms, what measures are still needed to build new enterprises, create new places, develop the economy of the Far Eastern regions”.

In September, the Russian city of Vladivostok will host the Eastern Economic Forum (EEF) for the sixth time, which originally arose on the initiative of Russian President Vladimir Putin. The main task of this large-scale platform was to activate the economic potential of the entire Far East, in partnership with interested parties and countries. The Forum was created at one time also for the reason that Russia needed to eliminate the existing distortions in working with the West and the East, with Europe and Asia, since before that practical priorities often shifted to the West.

Much has been done over the past time, and first of all, the very imbalance was eliminated, when the East was the “second number” for the Russian Federation after the West. At one time, Peter I cut, as you know, a “window” to Europe, and already in our time, real “gates” are being cut in the direction of Asia, which, due to its scale, it will not be possible to enter through the “window”. The “puppet” scale of Europe, in comparison with Asia, is clearly visible in economic indicators, since there are no limits for the growth of figures and volumes of gross products in the Eastern Hemisphere. In such open spaces, by definition, no one bothers anyone here and, as they say, does not cross the road in business.

The motto of the upcoming EEF-2021 is “New opportunities for the Far East in a changed world”. The phrase “the changed world” is important here, not passing and not formal. After all, in recent years, as we remember, the phrase “changing world” was mainly used at such events. But now it is already clear that the world situation has acquired an almost complete form, within which the so-called political “West” has not prepared a place for everyone. Not to mention the wars that can break out in various places of this very world. Therefore, it is the East, Asia, that can become – with the help of the same EEF – a relatively quiet side of the globe, for the quiet work of various companies and structures.

The EEF is a logical addition to the international economic platforms that have been operating in the eastern part of the world for a long time and have earned authority, such as APEC, ASEAN, etc. The forum in Vladivostok logically complements these mutual mechanisms, the overall picture of cooperation, since it is mainly concentrated in the northern part of the vast East. As, for example, the Association of Southeast Asian Nations (ASEAN) already operates in its profile “square”, even judging by its name.

According to the representatives of the EEF-2021 Organizing Committee, the main thing for the upcoming event will be “attracting investors and receiving feedback from business: to what extent we are able to form effective support mechanisms, what measures are still needed to build new enterprises, create new places, develop the economy of the Far Eastern regions”.

Many different proposals were made by Russian public and political figures about the construction of new cities on the territory of Russia. However, the key and most urgent practical task should still be to strengthen the Far Eastern “capital” of the Russian Federation as a logical addition to the official capital, Moscow, which lies far to the west. Only in this case, the entire logistics chain will work on the vast Eurasian territory of the country. Only in this case, foreign investors will also go to Russia. And then the entire Russian infrastructure, covering several time zones, will work like clockwork. Probably, even Peter I himself would have found the necessary symbolic words for Vladivostok, but at that time even he could not imagine such a scale and opportunities that the Russian Far East opens up for himself and his partners today.

In 2020, the EEF, for obvious reasons, due to the maximum rampant pandemic, was not held. This has not only its disadvantages, but also advantages: many regular and potential participants of the forum have been waiting too long, have accumulated new projects. This gives hope that the future sixth EEF will show even greater efficiency than usual. The spring of economic cooperation has slightly shrunk during the forced downtime, and now it will go towards maximum efficiency.

The Russian organizers also note that the business program of the forum consists of four main directions. The first block of topics is related to the “economy of the new time”; the second-to “new challenges and opportunities”; the third direction involves a discussion about “shared responsibility in a changed world”; and finally, the fourth part is devoted to the youth aspect in the development of a huge region.

The international representation at the forum speaks for itself, as do the names of bilateral business dialogues: “Russia-China”,” Russia-ASEAN”, “Russia-India” and so on. These formats clearly show that bilateral cooperation is a reliable, basic basis that strengthens common interaction.

Tomorrow’s economy of the Far East and Asia as a whole is growing right before our eyes, and many have a direct opportunity to take part in this grandiose construction.

By Grigory Trofimchuk Via http://oneworld.press/?module=articles&action=view&id=2173