Tuesday, February 27, 2024
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Russia urges to promote cooperation with Asia-Pacific region

Moscow, Oct 27 (Prensa Latina) Russian President Vladimir Putin urged on Wednesday to promote exchange in the Asia-Pacific region and stressed that trade between his country and the area increased by one-third between January and August 2021.

Speaking via video conference at the East Asia Summit, the leader noted that business activity is gradually revitalized and Russia already reached the pre-crisis level, with a 3.7 growth of the Gross Domestic Product compared to August 2020.

‘Russia’s trade with the countries participating in the East Asian Summits in the first eight months of this year increased by more than 34 percent, a total of 162 billion dollars,’ he said, according to the Kremlin’s official website.

Putin stressed that the cumulative direct investment of the region’s countries in the Russian economy doubled over the past five years and reached 18.5 billion dollars.

He called to support the process of economic recovery that has just started despite the persistence of Covid-19, to take additional measures to stimulate the key industries of the countries’ economies and to promote cooperation in these areas.

The Head of State acknowledged that the tourism sector is one of the most affected by the pandemic and warned that for many of the countries participating in the meeting, this industry is vital in terms of jobs and income.


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