New Forms of Economic Cooperation in Eurasia: It’s Implications for Russia’s Far East

26-28th of September the third conference on the issues related to New Forms of Economic Cooperation in Eurasia took place in Shanghai, China. The conference has been jointly organized by the University of Singapore, East China Normal University and National Research University Higher School of Economics. The experts from Russia, China, Republic of Korea, Japan, Norway and the USA got opportunity to share their views on both strategic and specific issues of regional cooperation.

Regarding the strategic directions, the new concept of Greater Eurasia has been widely discussed. The concept was presented and supported on the Leaders’ level during the East Economic Forum, which took place in Vladivostok, Russia recently. Nevertheless, the technical details of the concept are still under discussion. During the conference, the opportunities and challenges of Greater Eurasia have been discussed.

Thus, there are different approaches and definitions of Greater Eurasia or Eurasian Partnership. Generally, according to Tatiana Flegontova, Director of Russia APEC Study Center, Eurasian Partnership might be characterized as overall Russia’s integration strategy, as it contains non-preferential and preferential arrangements, initiated both from Russia’s and EAEU sides, as well as cooperation in terms of infrastructure investment, trade and investment facilitation, specific business-oriented projects. It also goes in line with connectivity agenda, as far as it includes institutional, physical and people-to-people issues to be addressed.
important-logistic-information

Besides, a number of practically-oriented and specific issues of regional cooperation have been addressed during the conference. Special attention has been paid to the issues related to territories of rapid development. The special advanced economic zones (territories of rapid development, TRD) were launched at the beginning of 2015. They were suggested to be an efficient instrument to concentrate and mobilize domestic capital and attract foreign investment. In addition, Vladivostok and other ports of Russian Far East got the porto franco status. This section of the conference was aimed at discussing the first results of implementation of these instruments as well as at providing ideas on how to make these instruments more effective based on the world experience. As well as that, the discussants shared their views on the cooperation in different socio and economic areas and sectors, such as migration, agriculture, energy and so on.

Conference program

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