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VEF-2017: results
In Vladivostok, the third Eastern Economic Forum (VEF-2017), which was held on September 6-7, 2017, completed its work. The focus was on negotiations on the situation on the Korean peninsula, in which Russian President Vladimir Putin, as well as the leaders of Japan, South Korea and Mongolia took part. However, geopolitical instability did not prevent Asian companies and Russian business from entering into 217 agreements on large-scale investment projects for 2.5 trillion rubles.
VEF-2017: results
The central event of the Third Eastern Economic Forum (VEF-2017) was the plenary session "Far East: Creating a New Reality" with the participation of Russian President Vladimir Putin and his colleagues from North-East Asia. Thus, recently elected President of Mongolia Haltmaagiin Battulga and President of South Korea Mun Zhe Ying met at one site, as well as the regular guest of the forum, Japanese Prime Minister Shinzo Abe. Attention of the participants of the event was focused on the discussion of the situation on the Korean peninsula.

"North Korea is challenging the entire international community. This country is a source of serious threat. The DPRK must immediately implement all resolutions of the UN Security Council. The world community must unite and put maximum pressure on the DPRK, "said Abe Shinzo.

However, the leaders of Russia, Mongolia, Japan and South Korea are sure: there will not be full-scale military operations.

"Yes, you need to worry about the tension in the region, but you need to continue investing. Before the large-scale conflict with the use of the forces of mass destruction, it will not come to pass. We will solve this problem through diplomatic means, "the Russian leader assured.

At the same time, Vladimir Putin reminded that in 2005 all interested parties "practically agreed on everything".

"The DPRK has agreed to curtail the nuclear program, other participants in the process have promised to launch negotiations. But someone demanded from North Korea what it did not promise, and gradually this situation has degenerated to the present level, "Vladimir Putin recalled.

On September 6, Putin met with South Korean counterpart Mun Zhe In. During the talks, the leaders of the two countries agreed to expand economic cooperation, including with the participation of Pyongyang.

"Russia does not recognize the nuclear status of North Korea. Pyongyang's nuclear missile program blatantly violates the UN Security Council resolution, undermines the non-proliferation regime, and creates a security threat in Northeast Asia. At the same time, it is clear that it is impossible to solve the problems of the Korean peninsula with sanctions alone and with pressure. Do not succumb to emotions and drive North Korea into a corner. Now, more than ever, everyone needs to be cool and avoid the steps leading to an escalation of tension. Without the political and diplomatic tools, it is extremely difficult to move the situation around, and to be more precise, I think it is impossible at all, "Vladimir Putin said.

The visit of the delegation of the DPRK to the WEF-2017 from the first minutes of the forum's work aroused serious excitement. Russian Foreign Minister Sergei Lavrov announced a meeting with representatives of the DPRK at a ministerial level within the framework of the WEF.

Sergei Lavrov said that he did not communicate with the delegation from North Korea in the fields of the WEF. "I have not met with them. As I understand it, the delegation of the DPRK at the Eastern Economic Forum consists of representatives of the economic bloc. We also have representatives of economic ministries and departments here. I think that according to the line structures of the two countries, contacts will take place, "the Tass agency quotes the Foreign Minister.

Only by the end of the forum the head of the North Korean delegation, the Minister of Foreign Economic Affairs of the DPRK Kim Yong-yhe made a short briefing for journalists and said that Pyongyang would respond with "powerful countermeasures" to attempts to impose sanctions and pressure from the United States.

"In no case should the United States forget about the current status of our state, which possesses atomic and hydrogen bombs, as well as intercontinental ballistic missiles," said the Minister of Foreign Economic Affairs of the DPRK.

Traditionally, the forum has become a large-scale platform for concluding investment agreements. So, according to the organizers' calculations, contracts for more than a trillion rubles were signed at VEF-2017. One of the most ambitious is the agreement on joint activities in the territory of advanced development (TOR) between the Corporation for the Development of the Far East and the JSC "VNKhK" (received the status of a resident of the TOR "Neftekhimicheskiy"). The project involves the creation of oil refining and petrochemical industries, including the production of Euro-5 fuel. The volume of investments in the project amounted to 660 billion rubles. Another project is the construction of a toll road in the Khabarovsk detour, which will begin in September 2017. Investments in the project will amount to more than 41.8 billion rubles. On the fields VEF-2017, the governor of the Khabarovsk Territory Vyacheslav Shport said.

On the first day of September 6, 94 agreements were signed for 1.297 trillion rubles. (agreements are taken into account, the amount of which is not a commercial secret).

Among the projects with the participation of foreign partners, one of the most significant is the Russian-Japanese agreement between the Far East Development Corporation and the Mazda Sollers Manufacturing company on the construction of a plant for the production of engines under the Mazda brand in the Nadezhdinskaya TOR. The total investment in the project will amount to more than 3 billion rubles.

"If you look at the economic characteristics of the relationship between Russia and Japan, they show a positive trend. Turnover in our country for the first six months increased by 15%. This is a big difference with the dynamics of 2016, when we could not boast of an improvement in trade turnover, but, unfortunately, these are still indicators that lag behind the dynamics of Russia's trade with a number of other countries, "Maxim Oreshkin, the head of the Ministry of Economic Development, said at the forum's fields.

According to the Minister, commercial and interagency agreements will transfer economic relations between the countries to a completely new level.

As for the financial sphere, for the first time the Russian Direct Investment Fund (RFPI) and the Japanese Bank have created a joint fund. Its volume is $ 1 billion. "The parties are already analyzing priority projects in Russia," Maxim Oreshkin emphasized.

According to First Deputy Prime Minister Igor Shuvalov, the implementation by Russia and Japan of large joint business projects, for example, the construction of the Sakhalin-Hokkaido bridge, will form "an entirely different context for the Kuril Islands."

Russia also intends to develop joint projects in the Far East with partners from South Korea. According to Vladimir Putin, the participation of South Korean companies in the construction of infrastructure facilities is promising - in the modernization of Far Eastern ports and shipyards and in the joint development of the Northern Sea Route. In addition, the Russian leader stressed the importance of developing cooperation in the field of agriculture.

"We intend to continue work on removing barriers that hamper trade in this area. The results are already available - in the first seven months of this year, Russian food supplies to the Republic of Korea grew by 17% to $ 870 million, "Putin said.

The Eastern Economic Forum - 2017 was a record year in terms of the number of contracts and the amount of investment. For comparison, in 2015 the volumes were doubled, and a year ago - one and a half times less. But most importantly, these agreements are becoming real. Since 2015, 51 enterprises have already been commissioned. Another 35 will be completed before the end of this year. Total - 86. The reason - in the unprecedented benefits that gave investors. For them, they simplified the procedures for obtaining land, several times reduced taxes and tariffs. Plus they quickly solve all their individual problems.

"Our forum is not a performance. We do not bow, but work, "Yuriy Trutnev, deputy prime minister and presidential envoy to the Far East, said at the final press conference. "Investors come with problems, we solve them. The business world is very narrow. Top managers of the largest companies constantly communicate with each other. And very quickly find out that in fact. Do officials really help, does the project get? And now people see: projects live, from them enterprises are obtained, they work. This is a good indicator for the investment climate. "

Two years ago, many experts were skeptical. Like, yes, the benefits are good, but now the crisis, sanctions. As in such conditions, to attract investment, especially in the Far East, where there are huge distances, there are no roads and few people ?! It turned out that this does not prevent investors from investing money. A reasonable question arises: can it extend this regime to the whole country? Since he justified himself. After all, the need for new jobs is not only in remote regions ...

The three largest contracts of VEF-2017

1. Amur Gas Processing Plant

The volume of investments is 950 billion rubles

The plant will become the largest in Russia and one of the world's largest natural gas processing enterprises. Its design capacity will be 42 billion cubic meters of gas per year. The GEA also includes the world's largest helium production - up to 60 million cubic meters a year.

2. Petrochemical complex in Primorsky Krai

The volume of investments is 660 billion rubles

The project involves the creation of oil refining and petrochemical industries, including the production of Euro-5 fuel.

3. Production of ammonia and methanol in Nakhodka

The volume of investments is 387 billion rubles

Production will be built, which will produce more than 4 million tons of ammonia and methanol per year.

The Russian authorities will continue to improve the country's legislation for the development of the Far East. This was stated at the plenary meeting of the Eastern Economic Forum (WEF) in Vladivostok by Russian President Vladimir Putin, noting that over the past four years, 19 federal laws have been adopted, which laid a new foundation for the work on raising the region.

"We intend to further improve the legislative base, develop the Far East, codify it and even more accurately systemize it so that laws and, most importantly, law enforcement practice, law enforcement are as convenient and understandable to citizens, investors, businesses, state and municipal authorities" , the Russian leader said.

He noted that the Territory of advanced development and Vladivostok free port, which opened the way for investors, work efficiently. "The results are: over the past three years, industrial production growth in the Far East has outpaced average growth, the average growth performance for the Russian Federation is 8.6 percent. Gross regional product grew by 4.2 percent. In the current year of 2017, the dynamics are positive, moreover, growing. Thus, investments in fixed assets in the first half of the year increased by almost 20 percent, "Vladimir Putin said.

The President stressed that Russia intends to continue to act in the logic of openness, cooperation, remove obstacles in the way of business contacts, development of tourism, educational and youth exchanges.

So, a month ago, on August 8, the issuance of electronic visas for foreigners arriving in Vladivostok began. This opportunity for only four weeks took advantage of about 1300 people, including forum participants. From January 1, 2018 on an electronic visa it will be possible to enter both Kamchatka and Sakhalin.

"We will not stop at what we have achieved, we are working to ensure that after our projects in the Far East, with our capital, technologies and ideas, our friends, partners, and investors come more and more," the president said.

Recall that the Eastern Economic Forum-2017 gathered about 4,200 guests from more than 60 countries. It takes place in Vladivostok on September 6 and 7.
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      4 Germany - 4117
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    Public debt of 2017 countries as a percentage of GDP

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      2 Lebanon - 147,62
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      4 Eritrea - 127,5
      5 Portugal - 127,33
      6 Cape Verde- 122,25
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    International reserves, billion USD

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      10 Republic of Korea - 383,8

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