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Trade and economic relations between the two countries were discussed. After the meeting, the following agreements were signed in the presence of President Putin and Prime Minister Noda: an agreement on maintaining, rational use, and management of bioresources in the northwestern Pacific and the prevention of their illegal trade, a memorandum of understanding between Gazprom and the Agency for Natural Resources and Energy on the construction of a liquefied natural gas plant in Vladivostok, and a contract to build a paper pulp plant in Krasnoyarsk Territory.

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President of Russia Vladimir Putin: Mr Prime Minister, colleagues,

We are very happy to see you in Russia, this time in Vladivostok.

I am very pleased that we have established regular business contacts at practically every level, including at the political level. We met a short time ago in Los Cabos and now we have the opportunity to meet here in Russia. Just recently, I had the pleasure of meeting with your Foreign Minister on Sochi.

We have noted the growth in our turnover – last year, it was $30 billion. Today, we will take another step on the path to strengthening our trade and economic relations – I am referring to signing the agreement on energy and building a chemical enterprise on Russia’s territory with Japanese participation.

We are developing cooperation in the automotive industry; we are pleased to note the introduction of Japanese automakers on the Russian market, including here in the Far East.

Another issue is the fight against poaching. We agreed in Los Cabos that we would take serious steps in this direction. I want to thank you for supporting this collaboration; today, we will be signing a corresponding document.

Mr Prime Minister, I am very happy to see you in Russia.

Prime Minister of Japan Yoshihiko Noda (retranslated): I am also very happy to meet with you following our meeting in Los Cabos. I am certain that under your leadership the APEC summit in Vladivostok will go smoothly.

And Japan welcomes Russia’s increased interest in the Asia-Pacific region.

Congratulations to you and all of Russia on winning three gold medals in judo at the London Olympics. I saw how happy that victory made you.

Vladimir Putin: It’s true, I can tell you that together, we are helping to spread this aspect of Japanese culture throughout nearly the entire world. Today, judo is one of the most popular sports in the world.

Although the Japanese athletes may not have performed to their fullest potential, the Japanese are nevertheless trendsetters and everyone tries to emulate Japanese athletes and the Japanese traditions in this sport.

Yoshihiko Noda: One woman on the Japanese team won gold, but the men only won silver and bronze.

Vladimir Putin: I suppose they gave others the opportunity to shine. If they were to win all the time, other participants might be less motivated.

Yoshihiko Noda: Thank you.

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