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Eastern Economic Forum (EEF) - UPSC

Why in the news?  

  • Prime Minister Thiru Narendra Modi participated virtually in the plenary session of 7th Eastern Economic Forum(EEF)

Eastern Economic Forum (EEF)

   The Eastern Economic Forum was established by Russian President Vladimir Putin in 2015 to support and encourage the economic development of Russia's Far East and to expand international cooperation in the Asia-Pacific Region. During the opening day of the EEF 2022, the 2nd International Tiger Forum was held. 
   Eastern Economic Forum covers a wide range of topics including economic, political, and cultural relations between the Asia Pacific and Russia. For the UPSC exam, it is important to understand the key themes and goals of the Eastern Economic Forum, as well as its impact on the global economy. By studying the EEF, you can gain insights into the economic and political dynamics of the Asia-Pacific region and be well-prepared for questions about the forum on the UPSC exam.
   While talking about the International North-South Corridor, The Chennai-Vladivostok Maritime Corridor and the Northern Sea Route Prime Minister Narendra Modi mentioned that "Connectivity will play an important role in the development of our relations in the future". So, EEF gains prominence in the Exams on the background of recent meetings held.
Prime Minister Modi during Eastern Economic forum
Source: Flickr

India - Eastern Economic Forum :

India has signed a number of agreements with Russia and other countries at the Eastern Economic Forum (EEF). Some of the key agreements that have been signed between India and the EEF include:

  1. Investment cooperation agreement: In 2018, India and Russia signed an agreement to cooperate on investment projects in various sectors, including energy, infrastructure, and industrial development.
  2. Energy cooperation agreement: In 2019, India and Russia signed an agreement to cooperate on energy projects, including the development of renewable energy sources.
  3. Cooperation in the field of small and medium-sized enterprises: In 2017, India and Russia signed an agreement to cooperate in the field of small and medium-sized enterprises, with the aim of promoting entrepreneurship and innovation.

These agreements demonstrate the strong economic ties between India and Russia, and the importance of the Eastern Economic Forum as a platform for cooperation and collaboration between the two countries.






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