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Title: Д.Медведев.Деловой саммит АТЭС.14.11.09.Part 2 View count: 114 Rating: 5.0 (3 ratings) Description: Speech at APEC CEO Summit.Part 2 November 14, 2009 Singapore Выступление на Деловом саммите АТЭС. 14 ноября 2009 года Сингапур PRESIDENT OF RUSSIA DMITRY MEDVEDEV: We must ensure the transparency and efficiency of general and compulsory rules for the regulation and implementation of financial policies. It is clear that improving such mechanisms requires long and painstaking work that takes into account national characteristics of financial markets, and the specificities of the size, structure and development level of financial systems in developed and developing markets. All our actions in this respect must be fully-developed, but at the same time prudent, well-thought through, and measured. We often talk about the need for harmonising financial rules something that really is necessary. But standardisation should be rational and harmonious, because simply large-scale standardisation, if not based on consensus and on common criteria, may have the opposite effect and even enhance the disintegration of financial systems in different countries. We also have our own plans to improve Russia's financial system. We have some quite serious plans for our financial system and expect that post-crisis Russia will have a strong financial system and, ultimately, become one of the best financial centres in the world. In the coming years such work must be intensified, even though as a matter of fact we have not interrupted it. The emerging pattern of growth should ensure the global economy's equitable and sustainable development, and help eliminate some of the distortions adversely affecting development during this crisis. We must coordinate our actions not only in terms of fiscal policy we have more or less learned how to do that but also in dealing with the problems of social security, accessibility to and quality of education, and labour mobility. The crisis has created enormous problems in this regard and the International Labour Organisation (ILO) has an important role to play in this process. Incidentally, Russia supports the ILO's recently adopted Global Jobs Pact. We have done a lot ourselves to reduce tensions in our labour market. In some aspects this has worked well: we've succeeded in stabilising the situation and unemployment has levelled off, but we know that an important feature of such a crisis is that at the end of its financial phase social tensions created by unemployment often continue unchecked. So we must evaluate these processes very carefully by studying them in both national economies and the global economy. We regard social support as a long-term investment, an investment in human capital. It is certainly one of the key factors in economic stability and I think that APEC offers us great potential for cooperation in this field. The most important factor in crisis recovery is the restoration of international trade. At last year's APEC summit in Lima during the G20 we discussed at length that trade barriers are a bad idea. We must reaffirm those commitments here in Singapore and do all we can to ensure that our countries refrain from protectionism in all its forms. I want to stress this point about the various forms of protectionism, because the issue goes beyond simple trade protectionism. Trade is a powerful stimulus for economic growth, but trade is also an important way of resolving social problems. It is a crucial aide in combating the most severe problem that plagues many countries, namely poverty. Developing countries' access to international markets will enable them to continue engaging in progressive development. For this reason we need to remove all internal trade barriers. These are our common goals: to improve commercial and financial infrastructure, the principles and standards of regulation, and the work of customs services. Russia is well aware of protectionisms dangers, especially in times of crisis. So I would like to particularly stress that specific and quite small-scale protective measures that we have taken during this period are short-term in nature and will be removed when they have run their course. I am not going to embark on a series of platitudes, but the fact is that this crisis has had a tremendous effect on all of us, a tremendous effect on Russia. But thanks to anti-crisis measures and the policies adopted last year, we have been able to stabilise the situation. We are able to monitor the labour market as I just mentioned and also ensure the stability of the financial system. Of course the cost has been substantial: the end of last year and the beginning of this year were very difficult. But the situation has improved because of the arrangements made by other countries, primarily through the provision of additional liquidity to the banking system, and of course because of specific measures designed to give direct support to the real sector of the economy. http://www.kremlin.ru Tags: Дмитрий, Медведев, dmitry, medvedev, kremlin, moscow, president, russia, Президент, России, speech, apec, ceo, summit, singapore, Выступление, Деловом, саммите, АТЭС, Сингапур, Деловой, саммит, Author: niknikolay |
