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The achievements and tasks of the Eastern Economic Forum and Korea-Russia Summit

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Frame of Image icy.' By expanding its scope of cooperation with the Asia-Pacific region, Russia has aimed to build an economic bridge connecting Europe and Asia-Pacific, and attempted to secure new motives for economic growth, such as the development of Russia's Far East. In this vein, Russia formed the Eurasian Economic Union (EAEU) in 2015 with the purpose of promoting deeper economic integration in the post-Soviet region, and the Eastern Economic Forum (EEF) for accelerating the development of Eastern Siberia and attracting more investment from Asia-Pacific countries. I once expressed my opinion to Russian President Putin on Russia's Asia policy at the Valdai Discussion Club in 2013; that Russia had not been a part of Asia in terms of the economy, yet its geopolitical presence in the region was widely acknowledged. Coincidentally, President Putin launched the first Eastern Economic Forum on a sizable scale in September 2015, in Vladivostok. The second Eastern Economic Forum was held
The Achievements and Tasks of the Eastern Economic Forum and Korea-Russia Summit
2
on 2-3 September 2016 in a more organized manner, with its main focus on promoting major investment projects in logistics infrastructure, energy, agriculture and fisheries, and housebuilding industries, and seeking concrete ideas for increasing economic cooperation with AsiaPacific countries. At the Forum, the Russian government asserted the importance of closer cooperation with neighboring countries as a means to promote inves


Full Text
Title The achievements and tasks of the Eastern Economic Forum and Korea-Russia Summit
Similar Titles
Material Type Reports
Author(English)

Lee, Jaeyoung

Publisher

Sejong, South Korea : Korea Institute For International Economic Policy

Date 2016-10
Series Title; No KIEP Opinions
Pages 4
Subject Country South Korea(Asia and Pacific)
Russia(Europe)
Language English
File Type Documents
Original Format pdf
Subject Economy < Economic Conditions
Economy < Economic Administration
Holding Korea Institute For International Economic Policy
License

Abstract

President Putin launched the first Eastern Economic Forum on a sizable scale in September 2015, in Vladivostok. The second Eastern Economic Forum was held on 2-3 September 2016 in a more organized manner, with its main focus on promoting major investment projects in logistics infrastructure, energy, agriculture and fisheries, and house-building industries, and seeking concrete ideas for increasing economic cooperation with Asia-Pacific countries. The Eastern Economic Forum played a critical role in heightening, to some degree, the economic influence of Russia on the Asia-Pacific region. While it should take more time for Russia to become an economically integral part of Asia, it looks clear that Russia made some progress in this aspect.