Kremlin waiting for Washington to word clear position on further anti-Russian sanctionsRussian Politics & Diplomacy July 24, 13:59
Denmark’s Aske Soby wins stage 5 of Moscow-Vladivostok bicycle raceSport July 24, 13:17
Press review: Russian army takes aim at jihadi SUVs and Trump handcuffed by new sanctionsPress Review July 24, 13:00
Large-scale combat readiness check kicks off in East SiberiaMilitary & Defense July 24, 11:47
Russia's new advanced corvette to take part in Sea Cup-2017Military & Defense July 24, 10:30
Russian first 3D printed satellite to go into spaceScience & Space July 24, 10:19
Kyrgyzstan was threatened with missiles for hosting US airbase, president saysWorld July 24, 9:56
IMF confirms recovery of Russia's economy in 2017Business & Economy July 24, 8:47
Russian Interior Ministry to control 13 more new psychotropics, drug-containing plantSociety & Culture July 24, 2:54
MOSCOW, May 12. /TASS/. Secretly rewriting the rules of international trade may lead to imbalance and fragmentation of global economic space, Russian Deputy Foreign Minister Igor Morgulov told Russian Business Guide in an interview published on the website of TPP Inform new agency on Thursday.
"Russia is a strong supporter of deepening regional economic integration. We consistently support constructing such an architecture of multilateral cooperation and security in the region which would ensure stability and sustainable development here," Morgulov said.
"As it is known, several projects of liberalizing trade in the Asia-Pacific are being developed now - the Trans-Pacific Partnership (TPP), Regional Comprehensive Economic Partnership (RCEP), trilateral free trade zone between China, Republic of Korea (South Korea) and Japan, as well as… the Asia-Pacific free trade zone as a preferential agreement on the basis of already existing initiatives," the diplomat noted.
It is important that these processes do not substitute the global trade system but instead contribute to developing it, basing on the principles of transparency and respecting the interests of different parties, he added. "It is yet hard to say how the implementation of TTP will change the landscape of global and regional trade. In any case, we proceed from the fact that secretly rewriting the rules of international trade may lead to imbalance and fragmentation of global economic space," Morgulov went on.
Moscow "firmly plans to expand cooperation with Asia Pacific countries, plans to continue working closely with all sides that are interested in developing inclusive cooperation in the region," the deputy foreign minister concluded.
In an article "The TPP would let America, not China, lead the way on global trade" published in The Washington Post on May 2, US President Barack Obama said that "other countries should play by the rules that America and our partners set, and not the other way around." "That’s why my administration is working closely with leaders in Congress to secure bipartisan approval for our trade agreement, mindful that the longer we wait, the harder it will be to pass the TPP," Obama said.