MIL OSI Translation. Region: Russian Federation –
Source: Moscow Government – Government of Moscow –
President of Russia Vladimir Putin held an extended meeting of the State Council Presidium on the issue of export development. The Mayor of Moscow took part in the meeting Sergei Sobyanin.
One of the key topics was further steps to increase the country’s export potential and the role of regions in this process. Russia continues to be an active participant in international trade, despite the difficulties that businesses face.
“We are developing external business relations, expanding their geography, strengthening cooperation with predictable, reliable partners who, like Russia, understand their national interests and value mutually beneficial trade, production, and cooperation relations,” the Russian President noted.
At present, world trade and the global economy as a whole are actively developing. A new system of relations is currently being built, where the leading roles are taken by the states of the so-called Global South. These are dynamically growing countries, participants in promising integration associations, such as, for example, BRICS. Already now, the contribution of the BRICS countries to the world economy exceeds the share of the “Big Seven” and continues to grow.
Thus, in 1992, the G7 accounted for 45.5 percent of global GDP, and in 2022, it was already 30.5 percent. According to forecasts, in 2028, the share of the G7 will decrease to 27.9 percent. At the same time, the share of the BRICS countries (excluding new members) in global GDP in 1992 was 16.7 percent, in 2022 it grew to 31.4 percent, and by 2028 it may reach 33.8 percent.
This trend will continue in the future, since the growth of the BRICS countries’ contribution to the global economy is an objective process that is not related to the current geopolitical situation.
“This means [that] real markets of the future are being formed, based on strong strategic partnerships, principles of combining economic potentials and mutually enhancing growth. It is important not only to understand these trends, but also to take advantage of the advantages and export opportunities that are opening up for our businesses, for enterprises. We need to provide them with assistance at all levels,” Vladimir Putin emphasized.
The Russian President recalled that this year, a six-year national project to support exports is ending. During this time, it was possible to create tools, including in the country’s regions, that allowed domestic companies to go through the pandemic stage, successfully supply products abroad, and, over the past two years, redirect commodity flows to promising, growing markets.
“Next year, the updated national project “International Cooperation and Export” will be launched. The basis for its decisions, measures and mechanisms should be the results achieved in the export sphere, the priorities of economic development facing our country, and, of course, the objective global trends that I just spoke about,” the Russian President noted.
For the long-term development of foreign economic relations, it is necessary to increase the efficiency of financial and information support for exports, actively create logistics and transport infrastructure, as well as platforms for industrial cooperation.
In addition, it is important to stimulate the entry of Russian companies into markets for goods with high added value, to increase so-called non-resource, non-energy exports, including supplies of engineering goods and food products.
“I would like to note that from 2001 to 2023, the volume of Russia’s non-resource, non-energy exports has grown more than fourfold. This is a good result: four times – not some percentage, but four times – from 36 to 148 billion dollars. This, of course, is far from the limit for us, it is still not that much. But in the first seven months of this year, non-resource, non-energy exports continued to grow and increased by another five percent – to 89.8 billion [dollars],” Vladimir Putin said.
In some areas, particularly in food supplies, Russia has already become one of the world’s leading exporters. According to the Russian President, this result is primarily the merit of specialists and labor collectives of enterprises, as well as those who provide them with support, in particular development institutions and regional leaders.
“In the message to the Federal Assembly, and then
in the decree on national development goals a target was set, namely, to increase non-resource, non-energy exports by at least two-thirds by 2030 compared to 2023. This is an ambitious goal, especially given the challenges that our companies have faced recently,” Vladimir Putin noted.
In his opinion, this task requires a comprehensive approach from the state, development institutions and regional leaders. Thus, the Russian Export Center (REC) is implementing a special program “Made in Russia”, which helps promote domestic brands in domestic and foreign markets. It is necessary to scale up this practice and expand its coverage.
“Within the framework of interregional cooperation, partnerships are being built with friendly countries, and this, of course, contributes to strengthening Russia’s technological sovereignty, sets a higher pace of economic development for the subjects of the Federation, and therefore for the entire country,” Vladimir Putin emphasized.
The Russian President noted that individual regions of the country are consistently and comprehensively developing non-resource exports, working with small and medium businesses. For this purpose, regional exporter support centers have been created and teams of specialized specialists are working.
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.
Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.
https://vvv.mos.ru/major/themes/11824050/
EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.