The Northeast Asian Business League was established in 2006 after the closure of the Afro-Asian Development Fund (FAAD). Its goal was to integrate the economic potential of the Russian regions into the community of the most dynamically developing countries of Northeast Asia. Starting work in this direction, the leaders of the Business League count on restoring the geopolitical balance of Russia, located between Europe and Asia, and believe that it is the "eastern vector" that should become the priority of the country's foreign policy in the coming years.
The Business League's long-term cooperation with leading Asian companies, industrial and financial holdings, according to its organizers, should help Russian regions in finding new trading partners, attracting cheaper Asian loans and investments. Preliminary agreements with leading banking and financial institutions in Seoul, Shanghai, Tokyo and Hong Kong will allow us to start implementing the most ambitious recent projects of business cooperation between Russia and the countries of Northeast Asia in the very near future.