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Russia, China To Push For Free-Trade Area In Asia-Pacific Region


Chinese President Xi Jinping (right) and Russian President Vladimir Putin (file photo)

Chinese President Xi Jinping (right) and Russian President Vladimir Putin (file photo)

Russia and China say they will push for a free-trade area in the Asia-Pacific region.

The presidents of the two countries, Vladimir Putin and Xi Jinping, held talks on November 19 on the sidelines of a summit of the Asia-Pacific Economic Cooperation (APEC) group in Lima, Peru.

Kremlin spokesman Dmitry Peskov said the two leaders supported strengthening cooperation within APEC in a bid to establish a free-trade area in the region.

China’s Foreign Ministry quoted Xi as stressing the need for bilateral cooperation under the APEC framework in a bid to boost the bloc's contribution to regional and global economic growth.

The APEC meeting comes amid a protectionist mood in the United States following Donald Trump's presidential election victory, which is threatening to derail a trans-Pacific trade deal that excludes China, the world’s second-biggest economy.

Based on reporting by TASS, Xinhua, and Bloomberg
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