The 4th Eastern Economic Forum (EEF) will take place in the Russian Far Eastern city Vladivostok from Tuesday to Thursday with representative delegations from over 60 states in attendance.
"Over time the Forum became a popular platform where direct dialogue is held between politicians and public figures, businesspersons and experts," the Russian President Vladimir Putin said in a welcoming address to the guests and participants.
The Eastern Economic Forum
More than 60 countries including China, Japan, the United Kingdom, Germany and Canada will be represented at the 2018 EEF.
The outcomes of the EEF 2017 were fruitful: A total of 83 events were held as part of the forum, over 6,000 participants from more than 60 countries took part and 217 agreements worth 44 billion dollars (RUB 2,496 billion) were signed.
Key participants and agenda items
In addition to the business discussions, meetings among the political leaders are also the focus of the forum.
The event will include addresses by Putin, Chinese President Xi Jinping, Mongolian President Khaltmaagiin Battulga, Japanese Prime Minister Shinzo Abe, and South Korean Prime Minister Lee Nak-yon. Besides, a delegation of the Democratic People's Republic of Korea (DPRK) will also attend.
China
President Xi will attend the 4th EEF and is expected to address its plenary session.
It will be the first time a Chinese president will participate in the EEF and also the most important high-level exchange in China-Russia bilateral ties in the second half of the year.
Through Xi's participation in the forum, China-Russia relations are bound to grow from strength to strength and the cooperation between the two in the Far East will gain new progress, Chinese Assistant Foreign Minister Zhang Hanhui told the media last Friday.
Russian President Vladimir Putin speaks after Chinese President Xi Jinping (not pictured) presented him with the Friendship Medal in the Great Hall of the People in Beijing, June 8, 2018. /VCG Photo
"I have no doubt that the visit of the president of the People's Republic of China to Vladivostok will become an important milestone in developing relations between Russia and China," said Anton Kobyakov, an adviser to the Russian president.
"President Xi's attendance will inject new strong and lasting impetus into the development of China-Russia comprehensive strategic partnership of coordination," Chinese Ambassador to Russia Li Hui told Xinhua in a recent interview.
He also said that Xi's visit sends a signal to the world that only by upholding the principle of mutual benefit and win-win results and building a community with a shared future for mankind can promote regional economic development.
South Korea
Prime Minister of South Korea Lee Nak-yon will pay a three-day visit to Russia from Monday, during which he will attend the 2018 EEF and meet Putin.
Lee will deliver a keynote speech at the forum to introduce the achievements and blueprint of the "New Northern Policy" advanced by the South Korean government.
He will also attend the South Korea-Russia business dialogue to encourage entrepreneurs of the two countries to further strengthen cooperation and exchanges.
South Korean President Moon Jae-in delivers a speech at the third Eastern Economic Forum in Vladivostok, Russia, September 7, 2017. /VCG Photo
The specific implementation of the summit between South Korea and Russia in June, the implementation of the "nine bridges" plan and the plan to realize peace on the Korean Peninsula will be discussed.
Putin and South Korean President Moon Jae-in first met in September last year when the ROK leader attended the 2017 Eastern Economic, an event at which he addressed his "nine bridges" of ROK-Russia cooperation program and spoke of developing trilateral projects with the DPRK in Far Eastern Russia.
The so-called "nine bridges" refers to nine major areas of cooperation, the first of which is natural gas.
Japan
Japan's Prime Minister Shinzo Abe will attend the forum with a 400-member delegation and meet Putin.
"I will have frank discussions with Putin on the issue of the Southern Kuril Islands in the Pacific," Abe said, NHK reported.
Russia's President Vladimir Putin (L) and Japan's Prime Minister Shinzo Abe at a reception marking the start of the Russia-Japan Year of Culture at the Bolshoi Theatre, May 26, 2018. /VCG Photo
He also said that a peace treaty will possibly be advanced on the territorial issues between Japan and Russia.
The four disputed Pacific islands, known as the Northern Territories in Japan and the Southern Kurils in Russia, were occupied by Soviet troops in 1945 and are currently under Russian control.
Russia and Japan have long been at odds due to the territorial dispute over these islands, which has blocked a peace treaty between the two countries since the end of WWII.
DPRK
DPRK leader Kim Jong Un will not attend the EEF, but will send a delegation of officials. Moreover, Kim has confirmed his readiness to visit Russia.
The RIA news agency quoted the speaker of the upper house of the Russian parliament, Valentina Matviyenko, who met the DPRK leader in Pyongyang on Saturday, as saying that Kim also appreciates Russia's key role in resolving the Korean peninsula issue.
Russian President Vladimir Putin (R) shakes hands with President of the DPRK's Presidium of the Supreme People's Assembly Kim Yong Nam during a meeting at the Kremlin in Moscow, June 14, 2018. /VCG Photo
South Korea's Moon told Russian media in June that if peace can be established on the Korean Peninsula, "an era of South-North economic cooperation will take off in earnest and I believe it must be a three-way cooperation that includes Russia."
The inter-Korean summit from September 18-20, and the absence of long-range missiles on display in the military parade to celebrate the 70th anniversary of the founding of the DPRK, as well as the variation in US-DPRK relations, indicate the Korean Peninsula issue may be an inevitable topic at the EEF this year.
(Cover: Russian President Vladimir Putin speaks at the plenary session of the third Eastern Economic Forum in Vladivostok, Russia, September 7, 2017. /VCG Photo)