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Mahesh

12/09/23 06:55 AM IST

Eastern Economic Forum, 2023

In News
  • The Union Minister of Ports, Shipping & Waterways and Ayush, Shri Sarbananda Sonowal left for Russia to represent India at the Eastern Economic Forum which is being held at the Russian port city of Vladivostok.
About EEF
  • The 8th Eastern Economic Forum 2023 is taking place on 10–13 September 2023 in Vladivostok on the Far Eastern Federal University (FEFU) campus.
  • The Eastern Economic Forum is a key international platform for establishing and strengthening ties within the Russian and global investment communities, and for comprehensive expert evaluation of the economic potential of the Russian Far East, the investment opportunities it offers, and business conditions within advanced special economic zones.
  • The Eastern Economic Forum was established by decree of the President of the Russian Federation Vladimir Putin in 2015 to support the economic development of Russia’s Far East and to expand international cooperation in the Asia-Pacific region
  • The Eastern Maritime Corridor is aimed at reducing cargo transit times between our nations.
  • The journey from Indian ports to the Russian Far East takes just 24 days, compared to 30 days through the port of Novorossiysk.
  • This corridor holds immense potential to unlock new opportunities for trade and cooperation for both India and Russia
  • This forum serves as a platform for the discussion of key issues in the world economy, regional integration, and the development of new industrial and technological sectors, as well as of the global challenges facing Russia and other nations.
Source- PIB

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