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Chilean president favors free trade agreement with Russia’s Customs Union partners

September 08, 2012, 14:42 UTC+3
The Russian president hailed the positive dynamics of bilateral trade and economic cooperation but admitted that there is no breakthrough progress
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VLADIVOSTOK, September 8 (Itar-Tass) —— Chilean President Sebastian Pinera has offered his Russian counterpart Vladimir Putin to draft an agreement on free trade zone not only with Russia but with its Customs Union partners, Belarus and Kazakhstan, as well.

The two leaders met on Saturday on the sidelines of the APEC summit in Russia’s Far Eastern city of Vladivostok.

The Russian president hailed the positive dynamics of bilateral trade and economic cooperation but admitted that there is no breakthrough progress. He expressed the hope that this meeting and subsequent contacts, including those at the ministerial level, will help give a fresh impetus to the bilateral relations.

“Taking into account the dynamics of the development of our trade relations and the necessity to expand than still further, I think it necessary to think about the possibility to work out a free trade agreement not only with Russia but also with its partners [in the Customs Union], i.e. Kazakhstan and Belarus,” the Chilean president said and added that this agreement will help increase trade turnover between the two countries and to expand mutual investments as well.

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