insta twitterrss2
Multi-language Web site on current affairs in the biggest russian region

Small and medium business in Yakutia will be supported to enter international markets

  • Published in Politics
business 04 560x359
The 'May' Russian President Vladimir Putin's Decree with a list of the country's strategic objectives for the period until 2024 gives a special place to build export capacity in manufacturing industry, agricultural sector and services in the amount of 20% of gross domestic product.

For the sustainable development of the agro-industrial complex and confident access to foreign markets, a national project “International Cooperation and Export” has been prepared. The national project includes six areas: industrial export, export of agricultural products, international trade logistics, service exports, regional export programs and systemic measures for the development of international cooperation.

In the republic, supporting the export of goods and services is one of the priority directions of economic development. The head of Yakutia, Aisen Nikolaev, in the Decree “On the strategic directions of the socio-economic development of the Republic of Sakha (Yakutia)” set the task of ensuring the growth rate of the non-oil export-oriented sector of the republic’s economy to more than 10% annually from 2019. In the Strategy of Social and Economic Development of the Republic until 2032, one of the key areas is the development of the non-primary sector of the economy, including export-oriented industries. Thus, in order to build up the support system for export-oriented small and medium-sized businesses, the Yakutia Export Support Center was established at the  for Investment Promotion Agency and Export Support.

According to the Minister of External Relations and Peoples’ Affairs of the RS (Y) Gavril Kirillin, one of the promising areas is the expansion of exports of diamonds, semi-precious stones, jewelry and products of the agro-industrial complex - meat, fish, wild plants.

“There is a great potential in the development of tourism and transport services, especially with the active development of the Arctic zone and the Northern Sea Route. There are resources for promotion in the IT sphere. It is important to involve small and medium businesses in foreign trade, to help them enter international markets,” said Gavril Kirillin.

According to the national project “International Cooperation and Export”, by 2024, Yakutia should increase non-oil export volumes to $ 1 billion, and by 2032 - to $ 1.5 billion. According to the results of 2018, the indicators of non-primary export of the republic reached 250 million rubles, this volume is planned to be quadrupled in the next 5-6 years.

The Minister expressed confidence that with the launch of projects in many sectors of the non-primary economy it is planned to “make bids” at once in several areas: the opening of the Verkhne-Munskoye field will support industrial exports, the start of operation of the diamond-cutting cluster in the "Kangalassy" ADZ will launch the export of processed precious stones to the Russian and international markets.

In addition, great attention will be paid to the products of the agro-industrial complex. The "Made in Yakutia" brand will continue to get promoted beyond the region.

Press Service of the Head of the Republic of Sakha (Yakutia) and the Government of the Republic of Sakha (Yakutia)