Topic: APEC Summit in Vladivostok
RUSSKY ISLAND (Vladivostok), September 8 (RIA Novosti)
- South Korea Starts Building Two New Reactors
- South Korea Places New Cruise Missile in Service
- U.S., South Korea Begin Joint Large-Scale Drills
- Russia, South Korea to discuss gas supplies via North Korea
Russian President Vladimir Putin said on Saturday that Seoul is Moscow’s third largest trade and economic partner in the Asia Pacific Region.
In a conversation with his South Korean counterpart Lee Myung-bak, Putin also lamented that relations between Russia and South Korea lacked mutual investment.
The Russian leader said economic relations are being diversified and added that he is satisfied with a high level of political cooperation with South Korea.
Lee Myung-bak said bilateral relations will intensify if the visa regime is canceled, adding that he hopes for development of cultural cooperation between the two countries.
Bilateral trade in 2011 grew year-on-year by 40 percent to reach a record of $25 billion. In the first half of 2012, trade grew 4.2 percent. The volume of accumulated investment in the Russian economy totals about $3 billion.
Add to blog
You may place this material on your blog by copying the link.
Image Galleries: Hungry Hippos, Tiny Tamarins and Other Animal News
Infographics: First Russian Smartphone
New ties between Russia and Japan would mark not only a breakthrough in their relations but also a significant shift in Northeast Asia’s political dynamic. Both are secondary players in a region overshadowed by an increasingly assertive China, which has not hesitated to push against the boundaries of its neighbors.