Russia supports the idea of establishing a free trade area (FTA) in the Asia Pacific region, President Vladimir Putin said in a signed article published here on Thursday.

 

俄罗斯支持建立亚太自由贸易区的想法，俄总统普京周四在一份签名文件中如是说。

 

"We support the idea of forming an Asia-Pacific free trade area. We believe this is in our practical interest and represents an opportunity to strengthen our positions" in the rapidly growing Asia-Pacific markets, Putin said in an article entitled "The 25th APEC Economic Leaders' Meeting in Da Nang: Together Towards Prosperity and Harmonious¹ Development." 

 

The Asia-Pacific Economic Cooperation Economic Leaders' Summit will be convened² on Nov. 10-11 in Vietnam's central Da Nang city.

 

Over the past five years, the share of APEC economies in Russia's foreign trade has increased from 23 to 31 percent, and from 17 to 24 percent in exports, according to Putin.

 

"And we have no intention of stopping there," reads the article.

 

The Russian president suggested that the large-scale project to create the APEC FTA be carried out with due account of the experience gained from implementing³ key integration⁴ formats⁵ in the Asia-Pacific region and Eurasia, including the Eurasian Economic Union in which Russia cooperates with Armenia, Belarus, Kazakhstan and Kyrgyzstan.

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