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The Eastern Economic Forum was developed in 2015 by Vladimir Putin, the Russian President with its headquarter in the city Vladivostok of the country Russia. It is held at Far Eastern Federal University in Russia with the government of Russia (Roscongress Foundation) as its organiser. The prime minister of Japan as well as the president of Russia attended the session every year.Â
It helps in supporting the development of the economy of the Russia Far East as well as to enlarge international cooperation in the regions of Asia Pacific. It is the platform where the discussion of world issues like regional integration, country’s global challenges, development of technology as well as industries and economy.Â
Eastern Economic Forum 2021 theme (the 6th Eastern Economic Forum) is New Opportunities for the Far East in a changing world which was organised on 2 September, 2021 to 4 September, 2021 and it also includes programs like EEF Junior, Youth EEF as well as Far East Street. This mainly highlighted the significance of interactions between business and the state during the COVID-19 pandemic.Â
Eastern Economic Forum is the forum where all economic, political as well as cultural relations between Asia Pacific and Russia have been discussed. The Eastern Economic Forum members are regions of Asia Pacific as well as ASEAN and the Eastern Economic Forum members are; Afghanistan, India, Russia and Iran.
6th Eastern Economic Forum
Eastern Economic Forum 2021 is the 6th Eastern Economic Forum which aims to establish the relationship between the business and the states during the COVID-19 pandemic throughout the world. Russia under this 6th forum wants development in the regions of the Russian Far East.Â
Indian Prime Minister Narendra Modi highlighted his ideas of strengthening the Indo-Russia relations in the single phrase, “Special and Privileged Strategic Partnership”. He also emphasises his thoughts by reiterating the phrase “Act East Policy”.Â
The Prime Minister of India also emphasises on the sectors of pharma as well as health ones and also on the cooperation of the economy like steel, diamond, timber and many more.
Significance of Indo-Russia Relationships
The significance of India and Russia relationships are as follows;
China balancing
Incorporation of new sectors like weapons etc. for economic growth
Reviving the economic union of Eurasian
Terrorism combating
Support in diplomacy on the regional issues
Defence cooperation [BrahMos Missile System- T-90 tanks and SU-30 aircraft, Indra Exercises- Joint Tri-Services (Air force, army and navy services)].
Conclusion
The Eastern Economic Forum is the international forum which aims to improve the international economic relationships among countries. Because of this forum Russia helped India a lot in increasing their international affairs with China as well in increasing their economic growth by including production of mining, improvement in the agriculture sector and many more. This happens every year in the city of Vladivostok in Russia. New Opportunities for the Far East in a changing world is the theme of 6th Eastern Economic Forum, regarded as Eastern Economic Forum 2021 theme.
