Russia, China: Global recovery weakening
At Asian-Pacific summit in Vladivostok, Russia turns its attention to Asia to spur its trade prospects. China's Hu promises $157 billion domestic stimulus.
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The European Union has been at odds with both China and Russia over trade practices it regards as limiting free competition. Cooperation in APEC is also hindered by territorial and other disputes among some of the members.Skip to next paragraph
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Putin, 59, limped slightly as he greeted leaders at the summit. Aides said he had merely pulled a muscle. Underlining Putin's good health, a spokesman said he had a "very active lifestyle."
Discussions at the two-day meeting focused on food security and trade liberalisation. An agreement was reached before the summit to slash import duties on technologies that can promote economic growth without endangering the environment.
Breakthroughs are not expected on other trade issues at the meeting, from which U.S. President Barack Obama is absent. He has been attending the Democratic Party convention and Washington is represented by Secretary of State Hillary Clinton.
Clinton said after talks with Foreign Minister Sergei Lavrov that the U.S. government was working with Congress to pass legislation needed to upgrade trade ties with Russia, which recently joined the World Trade Organisation.
Tensions persisted between the two former Cold War foes over Iran and Syria, however, and Clinton had only a short meeting with Putin late on day one of the summit, which culminated in a lavish firework show over Vladivostok's harbour that was reported in the Russian media to have cost nearly $10 million.
Also missing the summit was Australian Prime Minister Julia Gillard, who went home after learning her father had died.