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GMIS 2019 looks at tools to support export-orientated companies

9 July 2019
На GMIS-2019 обсудили инструменты поддержки экспортно-ориентированных компаний

The prospects for the Corporate Competitiveness Improvement Programme (CCIP) were discussed at a business breakfast held as part of the Global Manufacturing and Industrialisation Summit (GMIS 2019) with the support of the Russian Export Centre. The event was attended by leading experts on international cooperation, and representatives of relevant federal ministries and big companies.

The CCIP is a new tool for supporting export-orientated companies, which was developed by the Government of the Russian Federation in order to implement the International Cooperation and Export national project. State support for the companies enrolled in the programme includes provision of access to preferential lending mechanisms for establishing export-orientated production in Russia and abroad, as well as post-export financing and international factoring.

«The Corporate Competitiveness Improvement Programme is a practical tool for supporting international cooperation. In 2019, the goal was to select 250 companies to participate in the programme, yet 859 entities have already applied. We hope this tool will be a regular one and will take into account the specifics of financing export companies», said Andrey Slepnev, General Director of the Russian Export Centre.

While recognising the importance of financial support measures, the participants stressed that the role of intangible instruments was equally vital.

«Trade missions are currently undergoing another stage of transformation. They are working together with the REC, development institutions and regions to assess the international markets Russian companies are entering. In order to understand the working conditions and tactics, trade missions maintain a register of barriers and tariff restrictions in the host countries, as well as databases of reliable suppliers. I expect that this work will be well received by companies and, through joint efforts, we will be able to achieve the necessary results», said Alexei Gruzdev, Deputy Minister for Industry and Trade of the Russian Federation.

«One of the important tasks facing the Eurasian Economic Commission is to develop international trade and support exports. The mechanism for implementing the CCIP, which is being created in Russia, is also being launched in all the five countries of the Eurasian Economic Union», noted Alexander Subbotin, member of the Board (Minister) of the Eurasian Economic Commission for Industry and Agro-Industrial Complex.

The business breakfast also included an award ceremony for the winners of the district stage in the Exporter of the Year award in the Urals Federal District. The purpose of the award is to identify the best exporting companies in the small and medium-sized business segment, as well as big businesses. The award is organised by the Russian Export Centre.

The winners of the district stage have an opportunity to reach the final, where they will compete for the title of the best exporters in the country with the leaders from other federal districts. The results of the all-Russia award will be announced in Moscow on 14 November 2019 as part of the Made in Russia International Export Forum.