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Budget subsidies to ease WTO negative effects for agriculture – Putin

April 25, 2013, 15:06 UTC+3
Russia’s WTO accession stimulates domestic producers to supply more qualitative goods at affordable prices to the market
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MOSCOW, April 25 (Itar-Tass) – Russia’s accession to the World Trade Organization does not mean the end for development of the domestic agriculture, President Vladimir Putin said during a televised question-and-answer session on Thursday.

He noted that Russia’s WTO accession stimulates domestic producers to supply more qualitative goods at affordable prices to the market.

“But there are also threats,” he said.

To minimize these threats the government developed support measures that in particular envisage subsidies and simplified taxation schemes for agricultural producers, he said.

This year the agricultural sector will receive 180 billion roubles from the federal budget and a total of 260 billion roubles with regional support.

Putin assured he drew close attention of the Agriculture Ministry and the government’s economic bloc to the use of protection measures for agricultural producers within the WTO.

At present, there are 17,000 small and medium agricultural enterprises, 280,000 farms and over 2 million private and individual farms and gardens in Russia. Approximately 25,000 cooperatives are registered in the country. From 2008 to 2012 Russia’s agricultural sector received 730.5 billion roubles from the budget.

 

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