Far East demonstrates its investment potential at Eastern Economic Forum in China

China hosted a field session of the Eastern Economic Forum 2024 entitled "Prospects for Interregional Cooperation between the Russian Far East and the Provinces of Guangdong and Heilongjiang". The TV BRICS international media network was the media partner for the event.

Representatives of business circles and authorities from Russia and China gathered in Guangzhou to discuss joint projects and opportunities for further cooperation.

Trade and economic connections between the regions of the Far Eastern Federal District and the border provinces of China are developing intensively, and investment growth is observed, mentioned Yury Trutnev, Russian Deputy Prime Minister and Presidential Plenipotentiary Envoy to the Far Eastern Federal District.

"51 investment projects worth a total of $US8,99 billion are currently being implemented with Chinese capital in the Territories of Advanced Development (TAD) and the Free Port of Vladivostok (FPV)," the plenipotentiary told.

He added that Chinese business is an important source of technologies and competencies for the programmes being implemented in the Far East.

About 100 companies working in high-tech manufacturing, petrochemicals, shipbuilding, logistics, tourism, and agriculture took part in the session.

Vitaly Eksuzyan, Russian Far East and Arctic Department of State Support and Technological Development Director, spoke about projects involving Chinese capital.

The roadshow also included a presentation of special conditions for investors operating in the Far Eastern Federal District. In particular, the discussion focused on tax incentives, special customs, and administrative regimes.

The Eastern Economic Forum will be held from September 3–6 in Vladivostok. The EEF has been held regularly since 2015.

Photo: EEF