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U.S. believes Russiaâ€™s proposals on 2012 APEC agenda reasonable

11 November 2011 04:58 (UTC +04:00)

Baku-APA. The United States believes proposals Russia put forward for discussion by the finance ministers of the Asia-Pacific Economic Cooperation (APEC) forum in 2012 as next yearâ€™s APEC chair are reasonable, U.S. Secretary of the Treasury Timothy Geithner said, APA reports quoting RIA Novosti.

Russia will for the first time host an APEC summit in the Far East in September 2012. APEC finance ministers will meet in Moscow next year.

The Russian Finance Ministryâ€™s delegation at the current APEC summit in Honolulu is led by deputy Finance Minister Sergei Storchak. The initiatives Russia submitted in particular include a proposal to increase financial literacy for the population of the Asia-Pacific region.

Russian President Dmitry Medvedev will attend the APEC summit in Hawaii.

Medvedev will meet with his U.S. counterpart Barack Obama on November 12. Prikhodko earlier said Medvedev and Obama will discuss missile defense issues on the sidelines of the APEC summit.

On his way to Honolulu, the Russian leader will stop over in the Far Eastern Russian city of Khabarovsk on Friday, where he will hold a meeting of the State Council presidium dedicated to the role of regions in Russiaâ€™s economy modernization.