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Eastern Economic Forum 2016 opens in Russia's Vladivostok

Xinhua, September 2, 2016 Adjust font size:

The second Eastern Economic Forum (EEF) opened Friday in the Russian city Vladivostok, with the attendance of 2,500 guests and investors from 28 countries.

Deputy Prime Minister of Russia Yury Trutnev welcomed everybody at the opening ceremony of the EEF and named its main goal as "attracting investment to the Russian Far East region and creating new economic projects."

Top managers from 200 Russian and 57 foreign companies from 28 countries joined the EEF to explore more opportunities for economic cooperation.

The Ministry for Development of the Russian Far East expected 200 agreements, worth about 1.7 trillion rubles (2.6 billion U.S. dollars), to be signed at the forum.

Minister for Development of the Russian Far East Alexander Galushka noted that Russian state policy remained the same for foreign investors.

"It's our job to provide simplified administrative procedures and assistance with the projects. The Russian Far East region can offer the best conditions for investors who want to work here," he stressed.

Russian President Vladimir Putin invited his South Korean counterpart Park Geun-hye and Japanese Prime Minister Shinzo Abe to the forum and is expected to meet them on the sidelines of the EEF. Endi