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Russia’s PM sets goal of boosting exports of agricultural products to $19 bln

The goal is to "boost the potential of exports in the future, keeping in mind that the main task of agriculture is to feed the country itself," Russian Prime Minister Dmitry Medvedev said

GORKI, November 30. /TASS/. Prime Minister Dmitry Medvedev has set the task of boosting exports of Russia’s agricultural products from $17 to $19 bln.

"We're targeting at increasing the supplies of agricultural products from the current $17 to $19 bln," he said at the meeting on priority projects on Wednesday, adding that the goal is to "boost the potential of exports in the future, keeping in mind that the main task of agriculture is to feed the country itself."

According to Medvedev, it is important to increase export of products in other non-resource sectors as well. He also proposed to approve three areas of priority projects on international cooperation and export.

"Within the first project we together with the Russian Export Center will form a favorable environment for our companies to do business on international markets. Already next year we’ll propose a broad range of state instruments of financial and non-financial support of non-resource exports," PM said. He added that this area implies "specific program of export crediting, the formation of export infrastructure, including industrial zones, trade houses abroad, logistics facilities inside the country and the participation in international exhibitions in a close cooperation of development institution of leading sectoral associations."

Medvedev also said, that "it is important to put a special focus on regulatory environment, lifting barriers, optimizing procedures related to obtaining documents on international trade supplies, confirming zero rates and VAT refund, customs and tariff operations." "The other two areas imply resources focused on propping up priority sectors - car manufacturing, agricultural and railway machinery, aircraft construction," he said, adding that the goal is "to double exports in all those four sectors by 2018."