Russian President Vladimir Putin has made a speech at the APEC summit today. He proposed new approaches to financial regulations, noted intensive development of markets in the next 20 years, need to keep global and regional markets open, RIA Novosti reports.
Putin expects grain production to reach 125 million tons annually before 2020, with up to 40 million tons exported, compared with 15-20 million exported annually at the moment.
The president said that Russia has debt obligations of about 10%, the foreign debt totals about 2.5%. Russia plans to stress on strengthening banks and preventing inflation, keeping it at the level of 2011 in 2012.
The Russian leader plans to continue reduction of tariffs and non-tariff barriers. He reminded that Russia took new obligations after joining the WTO.
The president said that Russia may play the key role in energy balance of the Asian-Pacific Region. He reminded that Russia had constructed oil and gas facilities on Sakhalin, oil pipeline from Eastern Siberia to the Pacific Ocean.
Putin added that regional integration may boost global economy. He believes that a dialogue of APEC, NAFTA, ECC and SES are a good platform for modernization of world trade rules and investments.
Russia, Belarus and Kazakhstan are ready to provide the Asian-Pacific Region infrastructure for expansion of trade routes. The Russian leader noted that transportation is a priority at the region.
Putin made proposals on equipping transport routes and corridors with Russia’s GLONASS navigation, establishment of joint science and education centers in the Asian-Pacific Region to exchange technologies and human capital, form a system for monitoring over disasters.
The president does not rule out formation of a financial union in the Asian-Pacific Region in the futures.
