Consider the following statements regarding Eastern Economic Forum EEF 1 Recently India has ann...........

International Affairs International Institutions

Consider the following statements regarding Eastern Economic Forum (EEF):

1. Recently India has announced $1 billion Line Of Credit for the development of Far East Region of Russia.

2. It aims to support the economic development of Russia’s Far East, and to expand international cooperation in the Asia-Pacific region.

3. Every year it is held in Vladivostok .

Which of the above is/are correct:

1,2 and 3

1 and 2 only

1 and 3 only

2 and 3 only

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Explanation:

Eastern Economic Forum (EEF)

It is an annual event held at Vladivostok, Russia to encourage foreign investment in the Russian Far East. It was established by decree of Russia President Vladimir Putin in 2015.It is aimed at supporting economic development of Russia’s Far East and to expand international cooperation in Asia-Pacific region.

Objectives:

(i) Strengthening ties between Russian business and federal, regional, and local government bodies on side and international investment community on other side.

(ii) Conducting comprehensive expert assessment of Russia’s Far East economic potential and improving its competitiveness and attractiveness to investors.

(iii) Showcasing new investment and business opportunities such as advanced special economic zones (SEZs), Vladivostok Free Port, and state support for high-potential investment projects.