Delegates from 75 countries convened at the Eastern Economic Forum (EEF) in 2024, leading to the signing of a record 292 agreements valued at an impressive 5.5 trillion rubles. This significant event, emphasized by Anton Kobyakov, Advisor to the President of Russia, showcased the forum as a premier platform for discussing vital political and economic processes in Asia. With over 7,100 attendees and 700 speakers participating in more than 120 sessions, the EEF confirmed its role in strengthening Russia's trade position in the Asia-Pacific region.
Russian President Vladimir Putin addressed the forum, highlighting the progress made in the Far East over the past decade, including the launch of approximately 3,500 projects and the creation of over 140,000 jobs. He declared the Far East a national priority for the 21st century, stressing its potential to enhance Russia's global standing amid shifting economic dynamics that favor the East and Global South. Key initiatives discussed included the establishment of an international priority development area in Primorye and plans for new infrastructure projects, including nuclear power plants and deep-water ports.
The forum also underscored the growing interest of Asian nations in the Far East, with discussions focusing on deepening trade relations, particularly with China. Additionally, topics such as digitalization, cryptocurrency regulation, and the burgeoning mining industry were explored. The significance of the BRICS grouping was also a focal point, with its expansion to include new members like Saudi Arabia and Egypt, reflecting a concerted effort to bolster economic ties among emerging economies. Anwar Ibrahim, the Prime Minister of Malaysia, highlighted the importance of BRICS in countering the influence of wealthier industrial states and promoting cooperation among developing nations.
- The Eastern Economic Forum has evolved into a crucial platform for fostering international cooperation and addressing contemporary economic challenges. The record agreements signed at this year's forum demonstrate the increasing trust and collaboration among nations in the Asia-Pacific region. The emphasis on the Far East as a hub for investment and development aligns with Russia's strategic vision to enhance its economic landscape and foster partnerships that transcend traditional barriers.
- Furthermore, the dialogue on cryptocurrency and digitalization reflects a broader trend in the global economy, where countries are exploring innovative solutions to enhance economic resilience. The focus on BRICS underscores the shifting geopolitical landscape, where emerging economies are seeking to assert their influence and create alternative frameworks for economic cooperation, reducing dependency on established powers.
