Mishustin knows how to increase the competitiveness of Russian goods

the Chairman of the government of the Russian Federation Mikhail Mishustin approved the strategy of customs service development for the period up to 2030.

As explained by the head of the Cabinet at a meeting with Deputy Prime Ministers, the objective of this strategy — “in the decade to seriously modernise customs and to reconfigure the process of customs administration, make it more transparent, to simplify and expedite the procedures for bona fide business”.

Mishustin said that “these goals will be achieved including through the establishment of intelligent checkpoints”. “Automation of customs operations, the use of integrated digital platforms, the introduction of elements of artificial intelligence and risk management systems will create in our country a high-tech customs system,” the Prime Minister said, quoted by the press service of the Cabinet.

In the opinion of the head of the government, “this will help make Russian companies more competitive”, and “will allow the business to actively expand the geography of foreign economic and investment relations.”

Recall also that, according to the Federal customs service (FCS) of the Russian Federation, positive balance of foreign trade of Russia fell in the first quarter of 2020 by 30.5% yoy to $35.5 billion

the Exports of Russia amounted in the reporting period $89,5 billion and decreased by 15%. Russia’s imports in the reporting month 3 decreased by 0.2% to $54 billion

the foreign trade turnover of the Russian Federation in January—March this year amounted to $143,5 billion, which is 10% less than in the same period last year.

In this case, the FCS States that in the structure of exports the share of fuel and energy products in the first quarter of 2020 decreased to 61.7% (in January—March 2019, with 66.7%). Relative to the level of a year ago, the value of energy products decreased by 21.5%, and physical — on 7,4%.

we will Add that in the first five trade partners of Russia among the CIS countries in the reporting period were: China, trade with which totaled $24.5 billion (a decrease of 2.8% compared to January-March 2019), Germany — $10.8 billion (down 22%), Netherlands — $8.8 billion (down 31.8 per cent), the U.S. — $6.6 billion (an increase of 11.1%) and Turkey — $5.6 billion (a decrease of 8.3%).

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