Confederations Cup: Russia vs Portugal match sold out, says FIFA secretary generalSport April 25, 21:20
Russian diplomat suggests UN should develop strategy to fight fake newsRussian Politics & Diplomacy April 25, 20:16
Putin backs creation of system to promote Russian goods on domestic marketBusiness & Economy April 25, 19:15
OSCE concerned over Russia’s declaring Jehovah’s Witnesses extremist organizationWorld April 25, 19:00
Russia to complete import substitution program for helicopter engines by 2019Military & Defense April 25, 18:39
Government is not going to reject floating ruble rate, Putin saysBusiness & Economy April 25, 18:10
Russian Navy rids itself of dependence on Ukrainian enginesMilitary & Defense April 25, 17:55
Ukraine's refusal to continue military cooperation prompts Russia to create new industriesMilitary & Defense April 25, 17:50
FIFA Secretary General on her mission and expectations from Confederations CupSport April 25, 17:39
HONOLULU (Hawaii), November 14 (Itar-Tass) —— The APEC Business Advisory Council offered to create an international grain reserve fund, a co-chairman of the APEC Business Advisory Council Ziyavudin Magomedov told reporters here on Sunday local time.
“The creation of “the grain OPEC” is not on the agenda. The APEC Business Advisory Council stated that the mechanisms of tighter regulations over the grain producers and exporters are needed to minimize the price peaks on the food markets,” he noted. “For instance, the creation of an international grain reserve fund can be discussed to buy grain and food and to put them on the market at the period of price hikes,” Magomedov elaborated.
“New tougher approaches to the speculations restricted on the grain markets are also needed,” the chairman of Russia’s Summa Group concluded. “Meanwhile, food markets should be more transparent and the introduction of a special information system, which is being debated at the G-20 level, may promote this tendency,” he pointed out.
“Our initiatives find the support among other APEC states,” Magomedov underlined.
After the first working meeting of the APEC summit the APEC leaders were participating in a meeting with members of the APEC Business Advisory Council. The APEC business captains give their recommendations for economic development at the meeting.