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Eastern Economic Forum will be the Asian counterpart of SPIEF
The Eastern Economic Forum will become the Asian equivalent of the St. Petersburg International Economic Forum, said Alexander Galushka, Minister of the Russian Federation for the Development of the Far East, during a meeting with members of the diplomatic club of the Shanghai Cooperation Organization, writes Prime.
According to the draft presidential decree, from September 2015, the Eastern Economic Forum is planned to be held annually in Vladivostok, aimed at promoting the development of the Far East, its economy and investment activity, to strengthen cooperation in the Asia-Pacific region. In a message to the Federal Assembly in December 2013, the President of the Russian Federation designated the development of the Far East and Siberia as a priority for the development of the country in the 21st century.
The head of the department said that the forum, which is planned to be held annually in Vladivostok, will be held in the near future.
"If the St. Petersburg Economic Forum is a look at the European development of Russia, then the Eastern one is at the Asia-Pacific future," the minister said.