Russian Airborne Force medics return from Syria after carrying out humanitarian missionsWorld April 28, 10:28
Syrian president says US foreign policy remains unchanged under TrumpWorld April 28, 10:10
Russian anti-submarine destroyer returns to Mediterranean after African voyageMilitary & Defense April 28, 10:02
Ecuador police calls teens, parents to beware of ‘Blue Whale’ suicide challengeSociety & Culture April 28, 8:00
China to begin construction of its own orbital station in 2019Science & Space April 28, 7:48
Syrian troops retake major gas field near Palmyra — mediaWorld April 28, 7:06
French giants Auchan, Peugeot face prosecution in Ukraine over work in CrimeaBusiness & Economy April 28, 6:13
White House boasts it ‘isolated Russia’ at UNWorld April 28, 6:07
St Petersburg’s landmark cathedral to get patriarchal statusSociety & Culture April 28, 3:07
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.