Open AccessTHE ENCOURAGEMENT AND SUPPORT OF EXPORT INDUSTRIES AND SMALL AND MEDIUM BUSINESS IN RUSSIA AND ABROAD
Author(s) -
V.S. Kudryashov
Publication year - 2018
Publication title -
juvenis scientia
Language(s) - English
Resource type - Journals
eISSN - 2414-3790
pISSN - 2414-3782
DOI - 10.32415/jscientia.2018.09.05
Subject(s) - export credit agency , subsidy , business , trade finance , promotion (chess) , trade promotion , government (linguistics) , service (business) , state (computer science) , finance , international trade , investment (military) , politics , agency (philosophy) , economic policy , economics , public finance , free trade , market economy , marketing , payment , philosophy , algorithm , credit card interest , law , macroeconomics , linguistics , computer science , epistemology , political science , credit card
Today, export promotion and support is an integral part of the trade policy of developed countries, where there is a developed system of state support and promotion of national exports, the effectiveness of which has been repeatedly proven in practice. Awareness of the need to form a unified system of state institutions that provide various non-financial and financial services to participants in foreign economic activity is the main result of state support for exports to Russia over the past few years. Thus, the creation of the Russian Agency for export credit and investment insurance was the initial stage of the Russian Government on the way to creating a single integrated system that will ensure and support the development of export activities in Russia both at the national level and at the level of economic sectors, as well as individual industries. At the moment, various government agencies are engaged in export procedures. The ministries of industry and trade are in charge of subsidizing the interest rate on export contracts, as well as issuing licenses for export operations. The Ministry of economic development of Russia commands the activities of trade missions. The Ministry of Finance of Russia provides state guarantees. The Federal customs service monitors customs clearance of foreign trade transactions, and the Ministry of Finance is responsible for providing state guarantees. In addition to financial and insurance support, Russian entrepreneurs-exporters need to support their foreign economic projects in political terms. In this area, intergovernmental commissions are of great importance, which are aimed at solving tax, property, transport problems, as well as expanding investment cooperation.