Russia Assesses Impact of Trans-Pacific Treaty with Latin America

Eldonita de Ivan Martínez
2015-10-26 12:49:43

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Moscow, October 26 (PL-RHC)-- Russia assesses the impact in its economic relations with Latin America of the transpacific trade agreement signed recently between the United States and 11 other nations relations, according to diplomatic sources.

“We will study the obstacles that could arise in the future for the progress of the interaction with our Latin American partners,” said Alexander Schetinin, director of the department of Latin America at the Foreign Ministry.

Schetinin told Ria Novosti news agency that Russia and China, two large and important market players, are absent from the recently signed Trans-Pacific Partnership Agreement, made up of 11 countries and the United States. The ambitious agreement was signed, from Latin America, by Chile, Mexico and Peru, together with Australia, Brunei, Canada, USA, Japan, Malaysia, New Zealand, Singapore and Vietnam, whose economies account for 40 percent of the global GDP.

“Of course we will study how this agreement will influence the links developing between our countries,” pointed out Schetinin.

Recently, presidential spokesman Dmitry Peskov said that Moscow would formulate its position after a careful analysis in line with Russia's interests.



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