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Russiaâ€™s Medvedev vows succession of APECâ€™s work in 2012

13 November 2011 04:42 (UTC +04:00)

Baku-APA. Russia intends to preserve the succession of work of the Asia-Pacific Economic Cooperation (APEC) forum in 2012, after the country assumes the rotating chair in the organization, the Russian president said, APA reports quoting en.rian.ru website.

â€œOur country intends to preserve the succession of the forumâ€™s work, including in the formation of the free and open trade zone in the Asia-Pacific region,â€ President Dmitry Medvedev said.

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.

â€œWe are ready to demonstrate intellectual, technological and resources-related potential of our country, to conclude joint projects on modernization and to show perspectives related to the formation of the common economic space of Russia, Kazakhstan and Belarus,â€ he said.

Belarus, Kazakhstan and Russia formed the Customs Union earlier this year, scrapping interstate customs tariffs.

Medvedev currently takes part in the 2011 Asia-Pacific Economic Cooperation (APEC) summit, held in the United States, in the Hawaiian capital of Honolulu, on November 12-13.