Trade Finance Magazine Copying and distributing are prohibited without permission of the publisher

Trade and integration key to Russian Far East growth

07 October 2008

Far East International Economic Forum keynote speech by World Bank vice president Shigeo Katsu

Read more: trade integration export russia japan china apec world bank

The World Bank has urged the Russian Far East to boost its growth and achieve higher standards of living for its 6.5 million people by expanding its trade and integration with dynamic markets within Russia and across the Asia-Pacific Region.
In his keynote address to the Russian Far East International Economic Forum in Khabarovsk, Russia, World Bank vice president for Europe and Central Asia Shigeo Katsu stressed that trade and economic integration, supported by investments in infrastructure, social development, and environmental protection, will be central to fulfilling the 2020 Russian Far East regional development strategy. He pointed out that hosting the APEC summit in 2012 is a sign of the enormous potential of the Russian Far East.

"APEC's member countries account for 2.5 billion people with a combined GDP of $19 trillion," says Katsu. "It is no accident that the APEC summit will be held in Vladivostok in 2012....