Audio By Carbonatix
Secretary of State Hillary Clinton has said that the US administration wants to normalise trade relations with Russia this month.
She said the government was working closely with the US Congress to get the necessary legislation passed.
Mrs Clinton was speaking ahead of the Asia-Pacific Economic Co-operation (Apec) summit in Vladivostok.
Russian President Vladimir Putin has urged a fight against protectionism to turn the global economy around.
And Chinese President Hu Jintao promised his country would try to help the world's economy by increasing the demand in China for imported goods.
'Bridges not walls'
Although Russia is now a member of the World Trade Organisation, there is still a piece of legislation that prevents US companies trading normally with Russia - the 1974 Jackson-Vanik amendment which, although suspended, remains in place.
In her speech to the Apec summit in the Russian port city, Mrs Clinton - who is standing in for President Barack Obama - said she welcomed Russia's commitment to playing a greater role in the Asia-Pacific region.
She added: "To make sure our companies get to compete here in Russia, we are working closely with the United States Congress to terminate the application to Jackson-Vanik to Russia and grant Russia permanent normalised trade relations.
"We hope that the Congress will act on this important piece of legislation this month."
However there are concerns in the US Congress about Moscow's support for Iran and Syria, as well as its broader human rights record, so the timing of a vote on the issue remains unclear.
Mr Putin, who is hosting the summit, expressed concern about the world economy, and particularly Europe's debt crisis.
"The priority goal is to fight protectionism in all its forms. It is important to build bridges not walls," he said.
President Hu said: "The world economy today is recovering slowly, and there are still some destabilising factors and uncertainties.
"The underlying impact of the international financial crisis is far from over.
"We will work to maintain the balance between keeping steady and robust growth, adjusting the economic structure and managing inflation expectations. We will boost domestic demand and maintain steady and robust growth as well as basic price stability."
Meanwhile, Australian Prime Minister Julia Gillard has left the talks early to return home after her father died.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Photos: First Lady attends African First Ladies for Development meeting in Ethiopia
2 minutes -
2026 U20 WWCQ: Black Princesses beat South Africa to make final roundÂ
33 minutes -
World Para Athletics: UAE Ambassador applauds Ghana for medal-winning feat
1 hour -
Photos: Ghana’s path to AU Chairmanship begins with Vice Chair election
1 hour -
Chinese business leader Xu Ningquan champions lawful investment and deeper Ghana–China trade ties
2 hours -
President Mahama elected AU First Vice Chair as Burundi takes over leadership
2 hours -
Police work to restore calm and clear road after fatal tanker crash on Suhum–Nsawam Highway
3 hours -
Four burnt, several injured in Nsawam-Accra tanker explosion
4 hours -
Police arrest suspect in murder of officer at Zebilla
4 hours -
SUSEC–Abesim and Adomako–Watchman roads set for upgrade in Sunyani
5 hours -
CDD-Ghana calls for national debate on campaign financing
5 hours -
INTERPOL’s decision on Ofori-Atta: What it means for his U.S. bond hearing and the legal road ahead
5 hours -
Parties can use filing fees to cover delegates’ costs, end vote-buying – Barker-Vormawor
5 hours -
Boxing in Bukom: Five months without the bell
5 hours -
Political parties can end vote-buying by disqualifying offenders – Barker-Vormawor
6 hours
