[Conference] Valdai Club Asian Regional Conference
Korea Institute for International Economic Policy (KIEP) and Valdai Discussion Club of Russia jointly organized the 'Valdai Club Asian Regional Coanference' under the topic of "Looking ahead: Russia and Asia in the next 20 years" on November 27th to 28th at the Shilla Hotel in Seoul.
The Valdai Club, established in 2004, is an intellectual meeting aiming to deliver independent objective analysis of political, economic, and social developments in the world. The Club is highly regarded both in Russia and abroad. More than 1,000 representatives of the international scholarly community from 63 countries have taken part in the Club's work. One of the Valdai Club's reputational programmes is the Asian Regional Conference. For the first time in Korea, the conference was held in partnership with KIEP.
At the opening ceremony, Andrei Bystritskiy, the Valdai Club chairman, said that the Club has been the intellectual flagship of Russia's "turn to the East" and the construction of a large Eurasian space. He encouraged all participants to discuss actively not only the numerous existing threats, but the opportunities for cooperation and co-creation between all countries.
Hyun Jung Taik, the President of KIEP, defined the Valdai Club as the "Davos Forum of Russia" during his open remark. Also he spoke about Asia in modern conditions, noting that the 21st century is truly an "Era of Asia" since the region's economies have been continued to grow dynamically, with 60% of the world's population and 35% of the world GDP being created. Igor Morgulov, the Russian Deputy Foreign Minister, shared his personal views on key issues of the region's future, pointing out that he would like to see the region unified from the point of view of a common space of security and economy.
The two-day conference was consisted of 4 sessions. During the first session, held behind closed doors, participants discussed the issues of regional security. They were not optimistic about the general trends of development of the regional situation and prospects of solving the key problem, North Korea's missile and nuclear program.
For domestic and foreign media, attended this event, the press conference was held after the first session. President Hyun of KIEP, Chairman Bustritskiy of Valdai Discussion Club, Young Gil Song, the Korean Chairperson of Presidential Committee on Northern Economic Cooperation, Igor Morgulov, the Russian Deputy Foreign Minister, and Alexei Volin, the Russian Deputy Foreign Minister of the Telecom and Mass Communications participated in the conference to answer the questions from the journalist. The key topic of the conference were the Russian roadmap for the Korean peninsula crisis settlement and the initiative of the Greater Eurasian partnership taking regional economic cooperation to a new level.
The second session was dedicated to Asia's economic prospects. During the discussion that followed, participants in the conference raised such issues as the role of digital economy in Russia's integration with Asia-Pacific, the structure of value added chains in Asia and their impact on the intraregional trade, prospects of return on investment China is planning to make in the Belt and Road countries, development of infrastructure and the investment it requires.
The third session was about the Asian energy markets and regional cooperation prospects. Participants said that the ability to connect energy markets in Asia will determine the future of the region's energy sector in the next twenty years.
The final session aimed to analyse what has been achieved and what's yet to be done on the development of the Far East, which considered as Russia's gateway to Asia. The region has attracted investments from all over the Asia countries due to its richness in natural resources that creates potential for its economic growth. Moderating the session, Jae Young Lee, the Vice President of KIEP, urged other states of the region to take part in the economic promotion of the Far East.
- Topic: Looking ahead: Russia and Asia in the next 20 years
- Date & Time: Monday to Tuesday, 27th~28th, November, 2017, 10:00~17:00
- Venue: Young Bin Gwan, Shilla Hotel, Seoul
- Organizer: Korea Institute for International Economic Policy (KIEP), Valdai Discussion Club
- Contact: Ms. June Young Choi (firstname.lastname@example.org)
* Latest articles on the event: Chosun Ilbo, Segye Ilbo, Seoul Economic Daily, The Korea Times, BBS, YTN, Yonhap News Agency, TASS, Sputnik, Russia-24, Channel One, Channel 5
* Valdai Club Homepage: Interview w/ President Hyun, Vice President Lee
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