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Russia offers the creation of the Asia-Pacific Free Trade Area

The Asia-Pacific Economic Cooperation (APEC) Economic Trade Ministers Meeting will be held on 17-18 on May 2014. in Qingdao (China). Economic Development Minister Alexei Ulyukayev in an exclusive interview with RT spoke about the meeting agenda. According to him, Russia intends to promote the idea of ​​creating a free trade zone with the countries of the Asia-Pacific region.

“The creation of the Asia-Pacific Trade Area is only part of the agenda. We will discuss a range of trade and investment issues, infrastructure development. We can offer a lot to our colleagues, ”said Alexey Ulyukaev, adding that he will hold a number of bilateral meetings within the framework of the forum.

"We increase turnover, increase investment. If we measure in terms of GDP - then we have a huge room for increase. In addition, there is the problem of creating a Free Trade Zone. We are on the way to create bilateral zones, now, we finalize the work with Vietnam. We carried out this work with New Zealand, India and other countries, "the head of the Ministry for Economic Development and Trade noted.

"The next step on the agenda is a multilateral free trade area. While this is a discussion of non-specific issues. We would like to promote this topic further, "Ulyukaev stressed.

At the same time, at the present time there is no talk of abandoning the use of the dollar, Ulyukayev noted. “There are positions on which it is impossible to abandon the dollar, but there are many on which we have to press it and replace it with calculations, respectively, in yuan, won and dongs. This is normal between countries that have a large amount of trade investment relations, ”the minister noted.

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