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Russian goods to compete on world markets

“Made in Russia International Export Forum is very important both for Russia and its foreign partners. It provides new opportunities for developing business and for strengthening international economic ties, which is especially relevant now,” Russian Prime Minister Mikhail Mishustin said, addressing a plenary discussion, Third Decade Economy: Challenges and Opportunities for Russian Exports, of the 2020 Made in Russia International Export Forum, the website of the government reports.

Credit: government.ru
Credit: government.ru

Russia produces goods that can and should compete on the world markets. Some of them are unique. The government sees its task in increasing the share of Russian products in foreign trade. In facilitating their promotion on foreign markets amid new challenges up-to-date instruments are required.”

The world trade system was highly unbalanced long before the coronavirus, including because of growing protectionism, unfair competition and trade wars, as well as energy price volatility and the GDP slowdown. All this contributed to the unbalanced world trading system. This year the International Monetary Fund is expecting a more than four-percent nosedive of the global GDP. There are few sectors that managed to preserve the same development rates and production levels as last year,” he noted. “In all countries people expect their governments to take such decisions which would help overcome the recession in national economies. Russia is no exception here. The enterprises which successfully promote their products for export can recover their sales quicker and preserve jobs, which is very important today. Our goal is to create a large sector of competitive production facilities in industry and agriculture within the shortest time possible. To this end, there should be the most comfortable conditions for businesses, which are prepared to vie for foreign markets.”

According to the PM, “The amount of non-resource-based and non-energy exports exceeded $111 bln over the first nine months of this year alone. Despite additional restrictions on the supply of goods from abroad imposed in many countries over the recent months, some countries, on the contrary, increased their purchases, including for accumulating emergency reserves. This is why the list of prospective suppliers grew faster in many areas. There are a number of industries, including agriculture, that have taken advantage of these opportunities. Agricultural exports have grown by 15% over the first 10 months of this year. There is positive momentum in pharmaceuticals, plastics and the light industry supplies, as well as in metallurgy exports and those in a number of other industries over the first nine months.”

In facilitating foreign trade, “Various government services are the first step towards the introduction of paperless document flow for exporters, a real time and effort saver for our entrepreneurs. And it is important that the Russian Export Center will continue to expand its range of digital services aimed at increasing the competitiveness of Russian exporters in world markets, develop this system, and offer other services on this platform, including financial services, such as insurance. The second most important area of work is the introduction of an export support system in the regions of the Russian Federation, primarily for small and medium-sized businesses. Export support centers have already been launched in 82 regions. Their main task is to provide comprehensive assistance to small and medium-sized enterprises who are ready to enter foreign markets but need serious support, to teach people the basics of export activities, help them choose a sales market, search for a foreign partner, and provide support for the signed export contract.”

As Mikhail Mishustin further noted, “A council of non-resource exporters is being set up. It includes not only successful export entrepreneurs, but also representatives of business associations such as the Chamber of Commerce and Industry, Russian Union of Industrialists and Entrepreneurs, Delovaya Rossiya and OPORA Russia.”

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