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                                                          November-december 2003

President Vladimir Putin 

Expand Economic Ties With APEC Members

Russian President Vladimir Putin said today Russia wants to expand its economic relationship with Asia Pacific countries, which would be part of the process in modernizing the economy of his country.

"We want to promote our economic policies in the Asia Pacific region primarily through the APEC forum," Putin said in his address to the APEC CEO Summit. He said Russia plans to finish constructing a liquefied natural gas plant in 2007,

which will become one of the world's largest facilities of its kind. He said this planned gas plant and its current trans-Siberia road would provide a new energy source and delivery route for APEC members. Putin also invited private companies represented at the meeting to join Russia's efforts in exploring for more oil and gas in Siberia.

He said he expects the gross domestic product of his country to grow at least 6% in 2004 and the GDP to double its current value in the upcoming decade.

The Russian president said he is working for sustainable economic development for his own country and that such a policy is also vital to economic development of the world as a whole.

He mentioned drug trafficking, illegal immigration and arms smuggling as some of the urgent threats to the world's economic development. 

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