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, as per a diplomatic source.

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 noted, in statements to the news agency Ria Novosti, 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, stressed Schetinin.

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

President Vladimir Putin deplored from the rostrum of the 70th session of the UN General Assembly the creation of ‘closed structures’, replacing the World Trade Organization, and alternatives to existing international rules. Russia is working on a free-trade agreement between the Eurasian Economic Union (further comprising Armenia, Belarus, Kazakhstan and Kyrgyzstan) and the Southern Common Market. It negotiates similar treaties with Egypt, India, Israel and Turkey.

The expert of the Center for Asia-Pacific Studies, Natalia Stapran, attracted the attention on the fact that all lines of better prospects in the preferential trade agenda, existing in various agreements, coalesced in the Trans-Pacific Partnership agreement, under US leadership.