Russia's Role in Asia; A Chance for Cooperation on Economic, Political Goals

Article excerpt

Byline: Vladimir Putin, SPECIAL TO THE WASHINGTON TIMES

Since 1998, Russia has been a full-fledged member of the Asia-Pacific Economic Cooperation (APEC). In the run-up to the APEC summit in Vietnam, I would like to share my views about the road traveled by this multilateral association and, naturally, about the prospects for our cooperation.

In the 17 years since the creation of the forum, it has grown into one of the most representative and established organizations to promote integration in Asia and the Pacific. Today, APEC member nations comprise the world's most dynamically developing economic zone, and our experts predict that the forum's leading positions will become even stronger.

As a Eurasian power, Russia's plans for social and economic development (particularly in Siberia and the Far East) are closely linked with active participation in regional integration. For us this is a natural and strategically necessary approach.

First of all, we appreciate APEC's expertise in working out rules for trade, economic and investment cooperation. Needless to say, cooperation in this sphere is largely guided by World Trade Organization criteria. Russia has not yet joined the WTO, but we closely watch its activities and take part in them whenever possible, specifically by joining in efforts to reduce transaction costs and excessive state regulation of the economy, and to improve national economic legislation.

We understand APEC's goals of consolidating the fundamentals of the market economy and invigorating public-private partnership with a view to encouraging medium-sized and small businesses and promoting social development. We are very interested in the formation and proper functioning of various free trade zones within APEC. We are thoroughly studying APEC countries as models for improving our domestic investment environment, as well as their experience in fighting corruption. They are of practical importance for our reforms, which are aimed at building up and diversifying Russia's foreign economic contacts.

We fully share the economic and social aspirations of APEC's members. In this respect, we value the forum's assessment of Russia's individual action plan in APEC.

At the upcoming summit in Hanoi, we are going to discuss a plan of action to implement the already approved "roadmap" for achieving the Bogor goals. We have high expectations for this project, and we hope that it will become a major step towards building a system of free and open trade and investment in the region.

At the same time, it is obvious that the road to achieving these goals is not as easy as it might have seemed during the adoption of the Bogor Declaration and the Osaka Action Plan. We are well aware of changes in the world's political and economic situation and of new challenges. The latter, by threatening international security and stability, hinder normal economic development both worldwide and in individual regions. The APEC forum and its members should take into account these ongoing changes. I believe it is necessary to avoid a situation in which the rigid formulas set for the Bogor Declaration contradict the logic of global development and the real potentialities of the APEC economies.

APEC was formed primarily as an economy-focused multilateral mechanism, but real life is continuously placing issues of international and regional politics on its agenda.

One of its key goals is countering international terrorism. The APEC members and other countries of Asia and the Pacific are at different levels of development. It is no secret that terrorists are actively seeking a "temporary shelter" in some of the less prosperous regions. Therefore, along with measures to eliminate hotbeds of terrorism, it is essential to completely eradicate the social roots of terrorism poverty, hunger and chronic unemployment. In general, it is important to bridge the gap in the social and economic development of nations. …