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Article
29.05.2019
High-tech exports of Russia

In the framework of the May decree of the President of the Russian Federation V.V. Putin Russian Export Center is involved in accomplishment of objectives for accumulation of non-resource non-energy exports from $140 billion to $250 billion by 2024. At the same time, the REC is engaged in a building-up of the manufacturing, rural economy, and the service sector of the global competitive non-resource sectors, whose total export part should be at least 20% of the national GDP.

Экономика в поисках несырьевого пути 002,2.png

The Ministry of Industry and Trade jointly with the Russian Export Center should determine procurement routs of presidential decrees, which will be included in the national project «International Cooperation and Export». The document has already been submitted to the Government. Project identification summary includes a number of federal projects suggesting the scaling of both financial and non-financial support, which will provide as volume of non-resource non-energy exports grows.

The project supposes accelerated liberalization of currency controls, a reduction of term for VAT refunds and cancellation of excess requirements for export licensing. It is planned to create a digital platform to facilitate foreign trade, including a single register of exporters and a «single window» system based on the REC, where foreign trade operators will be able to provide all necessary documents in electronic form, and compliance monitoring authorities are able to receive them through an interagency electronic interaction system.

The Russian Export Center works aggressively to promote Russian goods to Asian markets. One of the key areas of export is farm products, in particular, deliveries to markets of Asia-Pacific Region. In 2015–2018, a part of Asia both in total supplies and in non-resource non-energy exports of Russia was continuously increasing. For the first half of 2018, it reached 23% in total exports and 21.2% in non-resource non-energy exports. To increase the export of farm products, the veterinary service of Russia is being successfully strengthened, which will allow us to improve the quality classification. At the same time constructive negotiations are conducted with China to discard export restrictions.

However, special attention should be called to the directions where the indicators are quite modest. Our capabilities and Chinese needs can rapidly increase the export of grain. For a large-scale entrance to the Chinese market, we should develop infrastructure, in particular, build deep-water terminals in the Black Sea and the Far East.

One of the leaders of the export goods of the Far East is frozen fish ‒ for the first half of the year it was exported for $854 million. Next come the crustaceans, lumber, specialized vessels and veneer. The Far East has a huge export potential, but now it takes only the seventh place among the districts.

Many industrial sectors have unrealized export potential. For example, the automotive industry is able to grow annually by 12% and by 2024 can reach a volume of $7.5 billion, pharmaceuticals — by 14%, up to $4 billion, the chemical industry — by 9% per year, up to $37 billion, heavy machine building — by 7%. In 2018, according to the department assessment, the volume of exports in four key directs (production of cars, aviation, railway and agricultural equipment) can reach $4.3 billion.

To achieve industrial and agricultural export target indicators, the volume of domestic investment in six years should be about $100 billion. Among proposed measures are additional capitalization or co-investment, reduction of rates or exemption from interest payments during the start-up period. The development of infrastructure and IT will allow organizing the interaction of participants in non-economic activities with government bodies and other organizations in electronic form on the principle «one window» on the basis of the digital group platform of the REC. Full-scale interaction on the principle «one window» is planned to be established by 2021.



Source
RBC
Release date
12.08.2018
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