OREANDA-NEWS  Special attention will be paid to the development of the Greater Eurasian Partnership at the St. Petersburg International Economic Forum (SPIEF 2025), the Roscongress Foundation said.

The transformation of the global economic architecture in the context of geopolitical turbulence requires fundamentally new approaches to trade and economic cooperation, the foundation said in a statement. The Greater Eurasian Partnership is considered as the most important platform for strengthening integration ties, expanding trade flows and launching joint projects in strategically important industries.

According to Roscongress, the Greater Eurasian Partnership remains one of the priorities of Russia's international activities, as evidenced by ongoing cooperation programs with a number of countries and integration associations, as well as internal initiatives aimed at deepening ties in the Eurasian space. The development of dialogue between the participating countries makes it possible to activate untapped potential, increase the resilience of economies to external challenges and set a vector for long-term growth. "The St. Petersburg International Economic Forum not only retains its importance, but provides real opportunities to promote the Greater Eurasian Partnership, deepen humanitarian and economic dialogue, and launch new formats of interaction between the countries," the statement said.

According to Anton Kobyakov, Adviser to the President of the Russian Federation and Executive Secretary of the SPIEF Organizing Committee, today the Great Eurasian Partnership is not just an expansion of trade and logistics flows, it is an opportunity for our countries to join forces in a number of industries and areas of development in a rapidly changing world.

"Transport, food security, tourism, IT, finance - the convergence of our markets provides an opportunity for all participants in the Greater Eurasian Partnership to protect themselves from risks and guarantee sustainable growth in domestic demand, which is so necessary today. Our task is to create conditions in which the common efforts of all participants can be translated into concrete initiatives and projects," Kobyakov quotes Roscogress.

Despite the temporary difficulties caused by sanctions pressure and changes in logistics chains, cooperation within the framework of the Greater Eurasian Partnership, according to the fund, demonstrates stability and prospects. Recent data indicate an increase in mutual interest and the preservation of fundamental points of convergence between the economies: thus, by the end of 2023, the mutual trade turnover between the partnership countries again exceeded the $ 20 billion mark, showing positive dynamics in a number of areas, including the supply of food, mineral fuels and fertilizers. There is also an increase in the number of joint initiatives in the field of logistics, digital solutions and industrial cooperation.

The SPIEF will be held on June 18-21 in St. Petersburg. The main theme of the St. Petersburg International Economic Forum in 2025 will be "Shared values – the basis for growth in a multipolar world."