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Vladimir Putin speaks at APEC summit, meets officials on its sidelines

October 07, 2013, 14:42 UTC+3
Russia's president highlights present and future of economic cooperation of the Pacific Rim countries
Material has 1 page
Photo AP Photo/Dita Alangkara, Pool

Photo AP Photo/Dita Alangkara, Pool

DENPASAR (Bali, Indonesia), October 7 (Itar-Tass) - Russian President Vladimir Putin said on Monday that Russia would meet its commitments under the Kyoto protocol and other nature conservation documents. He also called on other countries to search for consensus on environmental problems.

“As you know, Russia said it was ready to take actions to reach consensus with the world community to restrict emissions in the atmosphere. We have joined multilateral international agreements in this field, including the Kyoto process. From the very beginning, we undertook strict commitments to restrict the emissions,” the Russian head of state went on to say.

Putin said that Russia had to consolidate and unite its efforts to adopt and observe international nature conservation commitments with other countries, including the United States, India and China.

“Each country has its own specific features, which should be respected. It is necessary to search for common ground on every joint step,” the Russian leader said.

“We hope we will continue coordinating our joint steps in future”, Putin went on to say. He pledged that Russia was committed to its nature conservation goals and would strictly adhere to all its commitments.

Infrastructure projects

Putin has invited investors from the Asia-Pacific Region to invest into projects to upgrade the Trans-Siberian Railway (Transsib) and the Baikal-Amur Mainline (BAM) and to build up the Northern Sea Route’s potential.

“We invite business from the Asia-Pacific Region to join our new projects, for instance to the large-scale modernization of the Trans-Siberian Railway, the Baikal-Amur Mainline and to build up the Northern Sea Route’s potential,” he said in his address to delegates to the APEC Business Summit on Monday assuring that Russia would create necessary conditions for foreign companies.

The Russian Direct Investment Fund that had established good relations with Chinese and Japanese partners was set to provide concessional financing, Putin said.

Russia will use money stored at its Reserve fund to implement new infrastructure projects, the president stated.

“I want to inform that we have decided to support infrastructure development through the sources that we have been simply building up and tried not to use. These are reserve funds of the Russian government,” Putin said.

“We proceed from the assumption that now some of these reserves can be injected into support of infrastructure projects such as railways, including those in the country’s east - the Trans-Siberian Railway and the Baikal-Amur Railway. This is also the development of airport, port and road infrastructure and of high-speed railways,” the president said, expressing the hope that this would help improve business environment.

Role of WTO 

Putin said the World Trade Organization should preserve its central role in global development.

“Increasing global trade flows is another promising source of global development. It is necessary to expand a set of regional and sub-regional free trade agreements and simultaneously strengthen the global trade system, preserve the WTO’s central role and unblock the Doha process,” he emphasized.

He said that Russia was an active participant in Eurasian integration. The Customs Union and the Common Economic Space (CES) operate in strict compliance with the WTO principles. “This is our contribution to strengthening multilateral trade,” Putin concluded.

Russia-China cooperation

Russian President Vladimir Putin has highly appreciated aircraft-making cooperation with China.

“We have very good aircraft-building projects related to helicopters, medium-range and wide-body aircraft,” Putin noted.

“We have good prospects in space exploration and concrete projects. I very much hope that we will make progress in them,” he said, adding that infrastructure projects were also important for the two countries.

“All this is very important for activity within the framework of the Shanghai Cooperation Organisation,” Putin said. “We together with partners are studying a whole range of joint initiatives and I am very glad that such positive work helps further enhance trade and economic relations with the People’s Republic of China that over the past two years turned into Russia’s biggest trade and economic partner.”

Putin said the two countries’ trade reached a record high of $87.5 billion in 2012. “Russia and Chine set the task of bringing their trade turnover to $100 billion within the upcoming two years,” he said.

U.S. budget crisis

Russian President Vladimir Putin and other APEC leaders have wished the United States to successfully overcome the current crisis. “All the heads of state who have gathered for the APEC summit wish success to President Obama. We all want the United States to overcome the crisis as soon as possible,” Putin told a meeting of the APEC Business Council.

The Russian leader hoped that all political forces in the United States would also manage to cope with the crisis.

Russia-Japan relations

President Vladimir Putin has expressed the hope for further successful development of economic relations between Russia and Japan.

“I want to note the growth of trade and of investments between our countries. Japan is in the top ten list of our largest investors,” Putin said at a meeting with Japanese Prime Minister Shinzo Abe on the sidelines of the Asia-Pacific Economic Cooperation summit in Bali on Monday.

“We have very important and interesting for our economies joint projects ahead,” Putin said, adding that a joint investment fund, which “has already received applications valued at over $10 billion,” started working.

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