On 6 September, Yury Trutnev, Deputy Prime Minister of the Government of the Russian Federation – Presidential Plenipotentiary Envoy to the Far Eastern Federal District, attended the grand opening of the Second Russian-Korean Forum of Interregional Cooperation. The event was held on the sidelines of the 5th Eastern Economic Forum in Vladivostok.
Opening the Forum, Yury Trutnev read out a welcoming address by Russian President Vladimir Putin to the participants and guests of the Second Russian-Korean Forum of Interregional Cooperation in which he noted that “It is symbolic that this meeting is being held during the Eastern Economic Forum. This undoubtedly testifies to the growing role of the regions in the development of Russian-Korean relations and mutually beneficial cooperation. Your chosen topic for this year – The Path to New Opportunities – is of particular importance at this time.
It reflects a mutual desire to assimilate new and promising models of interregional cooperation, including in respect of priority development areas. This Forum brought together representatives of seven provinces and cities of the Republic of Korea and eleven constituent entities of the Russian Federation, including all territories of the Russian Far East, which currently account for more than 40 percent of trade with Korea and which offer fantastic potential to implement joint projects in areas such as shipbuilding, fishing, tourism, and Arctic exploration.”
“In a few days, on 24 September, we, together with the Deputy Prime Minister of the Republic of Korea Hong Nam-Ki, will hold a meeting of the Russian-Korean Joint Commission on Economic, Scientific and Technical Cooperation. The proposals developed at today's Forum will be discussed at the meeting of the intergovernmental commission,” said Yuri Trutnev.
The welcoming speech from the leadership of the Republic of Korea was read by the Vice Minister of Foreign Affairs of the Republic of Korea Lee Tae-Ho.
The event was attended by the heads of the Far Eastern regions and Korean provinces and representatives of the Ministry for the Development of the Russian Far East and Arctic.
The Republic of Korea has long been one of Russia’s main economic partners in the Asia-Pacific region. Trade between the countries increased by 26% in 2018, reaching USD 25 billion, and a third of this trade is with the Far Eastern regions. In the first half of 2019, trade between the Far Eastern Federal District and the Republic of Korea increased by 54% and reached USD 5.7 billion.
The Third Russian-Korean