STEPAN ZEMTSOV: “GROWTH OF NON-RAW EXPORT SHOULD REACH AT LEAST 70%"
Stepan Zemtsov, Senior Researcher of the Innovation Economics Department of the Gaidar Institute, commented to Finam.ru on the government goals, outlined by Mikhail Mishustin at the last meeting of the State Duma session.
“Another task is to achieve growth of non-resource exports at least 70% compared to 2020. It will be difficult to achieve this task,” says Stepan Zemtsov.
The expert of the Gaidar Institute highlighted: “There is a possibility that Russian industrial and foreign economic policy towards the development of mechanical engineering and food production may re-focus. However, it is not excluded that the slowdown in the world economy will also affect the decrease in demand for traditional Russian export non-resource goods: metals, fertilizers, timber and electricity. It will not be possible to increase the exports of many non-resource goods. Grain exports can be increased, but the most productive lands have already been plowed up. The demand for petrochemical products will fall, the military products market is limited in volume, and traditional importers have been affected by crisis".
In his opinion, "one should count on new export trends through support for SMEs, digitalization of public services and a sharp reduction of customs barriers".
Stepan Zemtsov believes: “Russia also has opportunities in the export of services: transport and logistics, information and communication, high-tech medical services”.
The expert is confident: "In the future, medical tourism may gain popularity having solved epidemiological issues, since the healthcare system in Russia has demonstrated its resilience".
The expert of the Gaidar Institute highlighted: “There is a possibility that Russian industrial and foreign economic policy towards the development of mechanical engineering and food production may re-focus. However, it is not excluded that the slowdown in the world economy will also affect the decrease in demand for traditional Russian export non-resource goods: metals, fertilizers, timber and electricity. It will not be possible to increase the exports of many non-resource goods. Grain exports can be increased, but the most productive lands have already been plowed up. The demand for petrochemical products will fall, the military products market is limited in volume, and traditional importers have been affected by crisis".
In his opinion, "one should count on new export trends through support for SMEs, digitalization of public services and a sharp reduction of customs barriers".
Stepan Zemtsov believes: “Russia also has opportunities in the export of services: transport and logistics, information and communication, high-tech medical services”.
The expert is confident: "In the future, medical tourism may gain popularity having solved epidemiological issues, since the healthcare system in Russia has demonstrated its resilience".