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MINSK, 4 August (BelTA) – Belarus’ Council of Ministers approved the national export promotion program for 2016-2020 and a roadmap for its implementation. It is envisaged in Decree No.604 of 1 August 2016, BelTA learnt from the press service of the Belarusian government.
“The national program does not provide a detailed forecast for external trade in 2016-2020 but spells out concrete measures to promote exports with an ultimate target to diversify and increase the export turnover,” the press service explained.
The program is aimed at the growth, development and diversification of the national export, first of all, innovative and high-technology exports, enhancement of the efficiency of the government support for export promotion. The implementation of the roadmap events will increase the volume of high-value exports, modern materials and complete products with improved features, further develop the export of technically and technologically-intensive products, and also increase the export of high-tech and intellectual services (engineering, technical, computer and education).
The achievement of the main targets of the program as well as the creation of favorable conditions for the implementation of the second stage (2021-2030) of Belarus’ sustainable social and economic development strategy through 2030 will help secure systemic export diversification for an equal distribution of exports between third markets: EEU, EU and other states, including the countries of Asia and Oceania, Africa and Middle East, Latin America (by 2020 it should represent a one third-one third-one third correlation).
The exports of goods to new promising markets are expected to account for 10% of the total exports by 2020.
Among the main goals of the program is the diversification of trade and economic ties with various countries and regions alongside with preserving and strengthening positions on traditional markets; optimization of laws in the export promotion area taking into account the world’s best practices and the operation of the Belarusian economic model; improvement of approaches to the work with small and medium-sized enterprises in the exports matter; encouragement of goods and services producers to expand their product and service portfolio. The program also envisages the development of conditions to stimulate non-primary exports as well as high-technology and innovative exports of goods and services; further economic integration within the EEU which envisages the removal of barriers, restrictions and withdrawals in the trade of certain products and services, first of all in respect to energy resources, goods for assembly plants, liberalization of highway transportation operations and other matters. The program also stipulates the development of cooperation with regional associations, international economic organizations, export culture promotion.
