Influence of Russia’s entry to WTO on Tatarstan economy discussed at a session of Economic Council under Tatarstan Cabinet of Ministers

On May 26, Tatarstan President Rustam Minnikhanov, Director of the Department of trade negotiations of Russian Ministry of Economic Development Maksim Medvedkov took part in a session of Economic Council under Tatarstan Cabinet of Ministers dedicated to the influence of Russia’s entry to WTO on Tatarstan economy.

Head of territorial branch of Federal state statistics service Valery Kandilov reported on results of monitoring of activity of producers of export-oriented and socially important goods in 2013. In particular, he presented changes in import of goods to the Republic of Tatarstan in 2013 as compared to 2012.

Minister of Industry and Trade Ravil Zaripov told about consequences of Russia’s entry to WTO for industrial sector.

Minister of Agriculture and Food Marat Akhmetov, in his turn, told about the situation in the sphere of agricultural production. He noted that Russia’s entry to WTO and Customs Union was meant to increase competition, however no sharp increase of imports is observed. He also mentioned that at the same time measures of state support reduced. Marat Akhmetov continued that in order to stay competitive agricultural industry requires technical modernization.

Maksim Medvedkov briefly described economic situation under WTO conditions.

Summing up, Tatarstan President Rustam Minnikhanov said that it is important to continue monitoring activity of producers of export-oriented goods.