Euro-Asian Center for Innovative Production: First Steps
During the Exhibition “Russian Industrialist” held from October 29 to 31 and the International Congress "Industrialists and Entrepreneurs of BRICS", FBA EAC President Li Shuobing shared his insights on the establishment of an industrial-investment platform in Shanghai, and presented the interim results of the work done by the EACIP.
Mr. Li noted that the Euro-Asian Center for Innovative Production (EACIP) was established in Shanghai in November 2023 with the support of the Russian Union of Industrialists and Entrepreneurs (RSPP).
The choice of Shanghai as the location was driven by its status as a global financial and logistics hub, providing access to best practices and markets.
Objectives of the EACIP
1. Technology transfer — exchange and adaptation of the advanced solutions.
2. Industrial cooperation — strengthening ties among BRICS and Eurasian companies, optimizing costs, and boosting trade.
3. International collaboration — a platform for synergy among scientists, engineers, and entrepreneurs.
4. Research and development — joint projects in energy, AI, robotics, digitalization, and healthcare.
5. Investment promotion — enhancing transparency and stability for investors.
During the early years of its operation, the EACIP has already demonstrated remarkable efficiency: ideas are being transformed into tangible products, and technologies are being deployed with exceptional speed. The Center's partners include international organizations, corporations, and academic institutions from Russia, China, Kazakhstan, Kyrgyzstan, and other countries.
FBA EAC President also outlined systemic challenges facing the Eurasian cooperation and proposed four key directions to address them:
1. Harmonization of standards – establishing interstate working groups for standardization and certification.
2. Development of special economic infrastructure – accelerating the development of legislative frameworks and launching pilot bonded zones in Russia.
3. Promotion of joint investment – creating support funds and subsidy mechanisms.
4. Economic diversification – establishing high-tech clusters to enhance economic resilience.
"Let us embark on this journey with determination and a clear understanding that our actions today will define tomorrow's success," the speaker urged.