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23.10.2014

Outcomes of export support conference

Pressing issues concerning export growth, financing, and supporting export transactions – including for SMEs – were the focus of the Export Support conference held in Moscow on 22 October 2014. The event, organised by EXIAR, marked the three-year anniversary of the Agency's establishment.

Speaking at the conference, Alexey Ulyukaev, Russian Minister of Economic Development, noted that "we are planning a 6% increase in non-commodity exports per year", adding that this was an ambitious target. Several documents have been drawn up to achieve this goal, including the Export Support Roadmap, which has already been adopted, and the National Export Strategy, currently under development.

The Ministry has also prepared a draft Russian National Export Strategy, covering the period to 2030. The document outlines the objectives for ultimately achieving an ambitious goal – turning Russia into a global export leader. "We believe this country has every chance of being among the world's top five exporters by 2030, alongside China, the United States, Germany and Japan", the Minister said.

The measures prescribed in the strategy document are aimed at raising the competitiveness and export potential of Russian economy’s key sectors; growing the export capacity of its transport and logistics infrastructure; eliminating institutional, regulatory, administrative and other barriers to growing export transactions; and strengthening international economic cooperation in order to support and promote non-commodity exports.

"Under the basic scenario, the average annual export growth rate throughout the period of the Strategy is expected to be 6.3% for all non-commodity exports − in particular, 6.1% for non-commodity goods. The optimistic outlook is 8.0% for all non-commodity exports and 7.6% for non-commodity goods", said Ulyukaev.

"Together with other government institutions, we are undertaking serious and system-wise efforts to improve conditions for export growth", the Minister added.

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Russian exporters receive non-financial assistance through Russian trade representative offices in other countries. "Two years ago, a programme for 'resetting' the trade offices was launched, and a concept document for creating a new image of trade offices was developed. We launched a reform based on this concept to make trade offices as customer- and result-oriented as possible in order to promote Russian companies on global markets", said Ulyukaev. Trade offices are currently implementing over 370 projects worth more than USD 30 billion in total. The lion's share of this amount (78%) is in non-commodity exports. In terms of industries, mechanical engineering projects account for the biggest share of exports (44%), followed by the manufacturing sector (28%), including the chemical and food processing industries, consumer goods, health, and other sectors. Business missions are another instrument of non-financial support. "We are actively developing this aspect of support together with trade offices", said the Minister. "More than 200 business missions have been held this year. As a result, 62 cooperation agreements and six contracts have been signed between Russian and foreign companies, 16 licences have been obtained and several projects have been initiated to promote Russian products on the international market."

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Over the past two years, EXIAR has been directly involved in these business missions as a partner, providing financial and organisational support in the Agency's priority regions. Eight projects have already been completed to promote Russian non-commodity exports.

Export support centres are yet another non-financial instrument. Thirty-six regional coordination centres supporting export-oriented SMEs are currently operating, as well as 47 Euro Info Consulting Centres.

On the topic of financial support for exports, Ulyukaev noted that "Vnesheconombank and EXIAR are already offering solutions for creating credit and insurance tools to facilitate access to financing for businesses."

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In March 2014, the Ministry of Economic Development, jointly with EXIAR, developed and implemented a cooperation algorithm for international economic projects. The document prescribes the procedure and terms for EXIAR's involvement in trade office efforts to help Russian companies structure their projects at an early stage using the Agency's comprehensive support. "It would be no exaggeration to say that establishment of a consolidated credit and insurance support centre under the auspices of EXIAR and Eximbank of Russia, scheduled before the end of the year, will constitute one of this year's landmark events. The centre will provide both insurance and credit support, and create a convenient platform for meeting all financial challenges facing exporters", the Minister said.

Ulyukaev expressed confidence that "the measures currently being taken to radically amend the state support system for international trade, particularly its financial tools, will boost Russian non-commodity exports."

Russia's Finance Minister Anton Siluanov highlighted his ministry's efforts to boost exports and provide state support to development institutions in order to increase exports in 2015–2017.

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The conference also featured presentations from Andrey Slepnev, Minister of Trade at the Eurasian Economic Commission; Vladimir Dmitriev, Chairman of Vnesheconombank; Alexey Likhachev, Deputy Minister of Economic Development of the Russian Federation; Georgy Kalamanov, Deputy Minister of Industry and Commerce of the Russian Federation; and EXIAR CEO Peter Fradkov, as well as representatives from the export credit agencies of Italy and China, heads of Russian development institutions, banks, NGOs and regional export support centres.

The conference brought together more than 400 attendees, including heads of Russian companies, Russian development institutions, foreign export credit agencies, banks and regional export support centres, as well as Russian federal and regional government officials.

The Interfax news agency and the Russia 24 TV channel were the conference's media partners. 

The Russian Agency for Export Credit and Investment Insurance (EXIAR) was established in 2011 as an open joint-stock company. EXIAR’s mission is to support Russian high-tech exports by insuring export credits against commercial and political risks, as well as Russian investments abroad against political risks. Vnesheconombank is the sole shareholder of EXIAR. The agency's charter capital is RUB 30 billion. 

External Communications EXIAR


Transcript of Export Support Conference, 22.10.2014