Role of Ports, Railroads
World Economy

Role of Ports, Railroads

Russian President Vladimir Putin believes development of Far East ports, modernization of railroads and the North Sea route should become a factor of growing integration in the Asia-Pacific region, Tass reported. “The Far East ports, the Northern Sea route, and modernization of our mainline railroads will all contribute to greater integration with the Asia-Pacific region and create an important infrastructure link between the Asia-Pacific region and Europe,” the president said in his article, which was published by the leading mass media of the APEC countries. Russia pays special attention to developing the potential of the Far East, the head of state said. “This year, we began developing the priority development areas–economic zones offering what for Russia are unprecedented tax and other incentives,” Putin said. “A special law was passed on a free port in Vladivostok. We plan to extend this status to other key ports in the Far East,” the president added. The Asia-Pacific Economic Cooperation summit will be held on November 18-19 in the Philippines. Prime Minister Dmitry Medvedev will represent Russia.


Short URL : http://goo.gl/WdTBtt
  1. http://goo.gl/MNxxYv
  • http://goo.gl/8UfYQR
  • http://goo.gl/P7L7F0
  • http://goo.gl/E76XiP
  • http://goo.gl/gHk9MI

You can also read ...

China is likely to develop a major overcapacity in production of industrial robots. This will tend to result in building too many factories, and that in turn means price-dumping on global markets.
The Chinese government has adopted a 'Made in China 2025'...
The Trump administration has expressed interest in combating America’s trade deficit with individual countries like China and Mexico.
As the nation was reeling from the racially charged violence...
China mainland stocks enjoyed some of  the steepest gains.
Emerging stocks and some currencies ended the week on a sour...
Brazil Showing Signs of Recovery
Economic activity in Brazil expanded at a faster pace than...
Consumer confidence in Singapore has picked up.
Singapore residents were significantly more optimistic about...
Turkey Growth 3rd in G20
Turkey has occupied the third rank among the 20 major...
Goldman Sachs Loses $100m
A sour bet on the direction of natural gas prices contributed...
Fitch Upgrades Greece Debt
Credit rating agency Fitch on Friday upgraded Greece’s debt by...