The American Empire in a Changing World


Wednesday, September 5, 2012

''Russia looks east for business; cool on US-led Asia trade group''

From BNE

''On the eve of the 21-member Asia-Pacific Economic Cooperation (Apec) summit, scheduled for September 8-9, Russia is making it clear that it wants to scale down relations with the West and throw in its lot with the rising economies in the east.

Apec, a forum for 21 Pacific Rim countries that counts both Russia and the US as members, is a key piece in this diversification strategy. Russia won't abandon western markets, but as it exports little other than raw materials it is indifferent to where these resources go. The politics of hate that have marred the West's relationship with Russia is coming back to bite and Russia is now actively trying to build an alliance with the east that excludes the US.

Russia wants to increase business in the Asia-Pacific region through Apec, First Deputy Prime Minister Igor Shuvalov said on August 28. But Moscow sees no place in Apec for the Trans-Pacific Partnership (TPP), a grouping of nine Apec countries, championed by President Barack Obama, that are trying to negotiate an agreement which will enhance trade and investment among the TPP partner countries, promote innovation, economic growth and development, and support the creation and retention of jobs.''

read more 

No comments:

Post a Comment