What is needed to unlock export potential?

On January 15, the discussion “Will the Russian economy be able to make an export breakthrough?” was held at the 11th Gaidar Forum. The participants discussed a set of tasks that must be addressed to diversify and increase Russian exports.

The need for export diversification is obvious. However, a number of both traditional and non-trivial questions arise along this path – how to expand the geography of foreign trade, how to overcome foreign economic sanctions and restrictions, what types of state support are mostly demanded by exporters, and which of the services bring the best result?

“To perform foreign economic activities properly, we must first of all remember about quality. In the long run, we need a high level of diversification and product quality to enter international markets. USD 250 billion by 2025 – for this we need 8–9 % of export growth every year. The President has set this strategic goal, and we are work on it actively,” said moderator of the discussion Alexander Knobel, Director of the Center for International Trade Studies, RANEPA.

“What is needed to unlock export potential? Firstly, we have to continue improving the business climate, the conditions for export activities, and reduce the administrative burden on the business, including the aspects related to export procedures. Some success has already been achieved. The negative impact of foreign exchange controls is practically leveled, administrative and criminal liability for violations related to foreign exchange legislation is removed,” said Mikhail Sneg, director of export policy and analysis of Russian Export Center JSC.

UNIDO (UN Industrial Development Organization) Goodwill Ambassador Veronika Peshkova drew the attention of the panelists to the need to more actively motivate Russian business: “Russia is a UN donor country, we allocate money for projects. Therefore, in some cases, we may set certain restrictions, e.g., that a contract should be fulfilled exclusively by Russian suppliers. We should involve Russian business in this activity.”

VEB.RF Deputy Chairman Daniil Algulyan, Applied Research Director of the Center for Economic and Financial Research and Development, NES professor Natalya Volchkova, director of Analytical Center of the National Research University - Higher School of Economics Anna Fedyunina, and Scientific Advisor to the International School of Economics in Tbilisi David Tarr also participated in the discussion about what are the potential export destinations for the Russian economy and what do domestic companies lack to enter new markets?


Information

The 11th Gaidar Forum “Russia and the World: Challenges of the New Decade” is being held at RANEPA on January 15 and 16, 2020. The forum is focused on the goals of national and global development and the search for practical answers to the most pressing challenges of our time. The forum is attended by ministers of the Government of the Russian Federation, members of the Federal Assembly, governors of the Russian regions, prominent international experts, and representatives of foreign states.

The organizers of the 11th Gaidar Forum are the Russian Presidential Academy of National Economy and Public Administration, the Gaidar Institute for Economic Policy, and the Association of Innovative Regions of Russia.

The title partners of the Gaidar Forum are PJSC Gazprom and JSC Gazprombank. The strategic partners are Coca-Cola, Mastercard, Russian Railways, Pharmstandard group of companies, Johnson & Johnson, Sanofi, Novartis group of companies, MSD, AKIG group of companies, EF Education First. Partners are Prosveshchenie group of companies, EY, Huawei, RVC JSC, Russian Agricultural Bank JSC.

The title information partners of the Gaidar Forum are the Russia-24 TV channel, TASS, RBC, Business FM. The strategic information partners are Kommersant Publishing House, Interfax, Rossiyskaya Gazeta, Invest-Forsythe magazine, Federal Press Agency. The main information partners are Anews.com, Gazeta.Ru, Lenta.Ru, News.ru, Profile. International partners are RT, ThomsonReuters, Sputnik, EFE, Cision, Pan Pacific Agency. Information partners are Snob media project, AEI PRIME, RNS, Expert magazine, Parlamentskaya Gazeta, Polit.ru, Ekho Moskvy radio station, PRO Business TV channel, FINAM.RU information and analytical agency, Davydov.Index, Strategiya magazine, Ekonomika i Zhizn newspaper, Econs portal, Gosudarstvennaya Sluzhba magazine, TV BRICS.