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MIL OSI Translation. Region: Russian Federation –

Prime Minister Dmitry Medvedev signed the strategy for export of services until 2025.

“This is also a very promising market in which Russia is underrepresented, but after six years the volume of exports should reach 100 billion dollars”, — he said at a government meeting.

The Prime Minister noted that in these documents the areas in which you need to go, and priorities.

“It’s not just the transport or construction, is a high-tech services, including health, education, intellectual property and a number of other areas,” he added.

According to the document, export of services is growing significantly faster than the commodity trade. The share of services in world exports in 2017 amounted to 23%, and its volume is 5.3 trillion dollars.

It is noted that a quarter of in world services exports is travel, 18% and 23%, transport and business services, respectively.

The authors predict that the annual growth rate in the years 2018-2025 would be at 4.5%, while in absolute terms the global exports of services in 2025 will be close to 7.3 trillion dollars.

In addition, the Prime Minister announced that he had signed another long — term strategy of development of the grain industry until 2035.

“This is a really important document because grain is one of the key commodities in the structure of our exports,” he said, Recalling that last year, Russia joined the three largest exporters.

At the same time Medvedev stressed that Russia has all opportunities to increase supply abroad, but without prejudice to the resolution of internal issues to ensure food security.

Source: RIA

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure will not be perfect.

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