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11 July 2014

On July 10th 2014 the INNOPROM-2014 International Industry Trade Fair hosted a Round Table Discussion entitled “Export-Based Competitiveness In The Russian Economy”.

The keynote speaker at the Round Table was Mr Georgy Kalamanov, the Deputy Minister for Trade & Industry of the Russian Federation. The other delegates attending the discussion were as follows: Mr Pyotr Fradkov, CEO of the Russian Agency for the Insurance of Export Credit and Investment (EKSAR); Mr Anatoly Ballo, Deputy Chairman of Vnesheconombank; Artem Kostandyan, president of P; Valery Maltsev, CEO Rostselmash; Andrey Ivanov, Managing Director of Trade Finance and Correspondent Banking at Sberbank Russia; Mr Vladimir Yashin, Head of the Corporate Sector; and Mr Frederick No, Director of Sales and Marketing at Renault Russia.

Mr Georgy Kalamanov shared his own observations on the way the market was changing. “For years we thought we had to become suppliers to the European Union, to become suppliers to the United States, and a whole bundle of other countries too. But times have changed, and now Russia sees itself more as a supplier to countries in Asia, Latin America, and in Africa. Comparatively recently we've begun opening up new markets of our own – for example, in Africa we've opened up new markets in supplying production. I am pretty sure that this trend is going to continue in future. And I will say once again – to markets in Asia, to markets in Latin America, and to markets in Africa. In the immediate future we can take a more nuanced view of this position, carry out some more detailed analyses. I remain certain that this is going to permit us to expand our export figures in the sphere of heavy industry production by at least 6% each and every year.”

The delegates at the round table discussed the question of financing within the reference frames of the discussion, along with questions related to the political lobbying of projects. Alongside this, business leaders raised the kind of difficulties they encounter when they try to export their goods abroad. “We could increase our export figures from 20% to 40%, if we were given a proper system of export support which applied not only to the most pricey and costly products, but also supported heavy industry exports. I mean here support for exporting cars, or combine harvesters. The changeover could be made within just 3-5 years” said Mr Valery Maltsev.



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