Eastern Economy: Union Minister Attends 6th Eastern Economic Forum

Myanmar delegation led by Union Minister for Planning and Finance U Win Shein attended the 6th Eastern Economic Forum (EEF) held in Vladivostok of the Russian Federation from 2 to 6 September at the invitation of Deputy Prime Minister and Presidential Plenipotentiary Envoy to the Far Eastern Federal District Mr. Yury Trutnev.

On the first day of forum, the Union Minister and party joined the Russia-ASEAN Business Dialogue.

During the Business Dialogue, Mr Ivan Polykov, CEO of the Interstate Corporation for Development and President of Russia-ASEAN Business Council led the discussion together with the business people and entrepreneurs of Brunei, Viet Nam, the Russian Federation, the Philippines, Myanmar and Singapore participated in the event.

The Russia-ASEAN Business dialogue discussed the cooperation with ASEAN countries in energy, agriculture, timber, tourism industry, investment, science and innovation sectors including the emergence of the Northern Sea Route. The Union Minister and party also separately met Mr. Ivan Polyakov to discuss value-added foodstuff production, energy sector, construction of fuel storage tanks and basic infrastructure, rubber based production sector, science and technology, investment of Russia in health sector and bilateral cooperation to increase the trade volumes.

On the same day, the delegation received the companies wishing to cooperate in economic sector of Myanmar. Regarding the opportunities for investment and trade, they discussed export of Myanmar's value-added farming products, power generating, oil exploration and construction of multi-purpose ports.

On the 3rd of September, the Union Minister attended the plenary session of the Forum. President of Russian Federation Vladimir Putin joined the event in person and highlighted the current development of far eastern Russian cities, competitive investment sector and cooperation with the investors from Asia-Pacific regions by establishing the special economic zones and the launch of regular cargo shipments via northern sea route linking Asia and Europe.

Presidents of Mongolia and Kazakhstan made greeting speeches online while the Heads of China, India and Thailand via video messages.

On the 4th of September, the Union Minister and party greeted the officials of Roscongress Foundation and viewed the displayed booths of the Forum. The Eastern Economic Forum (EEF) was first held in 2015 as part of Moscow’s push to revitalize economic growth of the Far East and Russia-Asia ties, and this is the 6th one. The Russia's Far East is the easternmost region of Eurasia and a global economic strategy initiated by the Russian Federation with the aim of moving from regional economic cooperation to global economic integration using it as major linkage between the Asian countries and Asia-Pacific regions. Representatives, senior officials, business stakeholders and media outlets from roughly 60 countries including Japan, French, China, ROK, the US and India attended the Forum.