SINGAPORE, November 14 (RIA Novosti) - The presidents of Russia and China met for bilateral talks on Saturday on the sidelines of a summit of Pacific Rim countries in Singapore.

Leaders from 21 countries are currently attending the annual Asia-Pacific Economic Cooperation (APEC) summit.

Dmitry Medvedev told Hu Jintao at the start of the meeting: "Our countries' relations are on the rise, and we have a lot to discuss."

On an agreement on to develop a cooperation program between China and Russia's Far East, reached between the two leaders at the UN General Assembly session in September, Medvedev said: "I have already issued a decree for these agreements to be carried out."

Hu noted progress in Russian-Chinese talks ahead of a fourth round on bilateral consultations on strategic security to be held in Beijing.

"I am sure that these talks will produce positive results," he said.