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IRKUTSK, September 12 (Itar-Tass) — The proximity to the booming Asia-Pacific Region (APR) will help develop Russia’s innovation market, this confidence was expressed on Monday by first vice-speaker of the Federation Council upper house of Russia’s parliament Alexander Torshin at the Baikal Economic Forum in Irkutsk.
“Siberia and the Far East with their richest resources, scientific, industrial and human potential can be zones of strong economic growth, the regions that will ensure the future of our country,” the FC member noted. “An important role in this is played by the nearness of the rapidly developing Asia-Pacific countries,” he believes. “It is important for us to focus on the best scientific and technological progress in these countries and to use good-neighbourly relations to implement our own innovative breakthrough,” Torshin said.
“Russia is a key player in the region,” he is certain. “Stability in the Asia-Pacific Region largely depends on the economic decisions that we make,” he added.
The Baikal Economic Forum is one of the biggest business forums in Russia, the key event in the economic and political life of the East Siberia and Far East regions. Over the past 10 years, notable people of the country and representatives of the Russian business elite and foreign countries have been traditionally the participants of the Forum, according to the event’s website.
The Forum is organised by the Federation Council of the Russian Federal Assembly, the RF Ministry of Regional Development, RF Economic Development and Trade Ministry and Irkutsk Oblast Administration. Before 2010, the BEF had been held in Irkutsk once in two years. In 2010, the decision to hold the Forum annually was made at the Federal level.
The first Baikal Economic Forum took place in 2000. According to the organisers’ plans, it should have been an ideological continuation of the “CIS Countries Economic Forum, St. Petersburg, held in the Russia’s ‘northern capital’ since 1996, that plays an important role in establishing economic and political relationships between the participating countries.