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The share of Asia-Pacific countries in foreign economic relations of Russia may exceed 40% - Ulyukaev

Minister of Economic Development Alexei Ulyukayev spoke at the conference on export support organized by ECAR, the press service of the Economic Development Ministry said.

"We expect to ensure the growth of non-primary exports by 6% per year," said Alexei Ulyukaev, noting that this is an ambitious task. To solve it, a number of documents have been developed: the already adopted Roadmap for export support, a national export strategy being developed.

Alexey Ulyukaev noted the fact that the most productive relations are developing with the countries of the CIS, the Asia-Pacific region and Latin America. Cooperation with the countries of the Asia-Pacific region is currently one of the key priorities in Russia's foreign economic activity. “We predict that in the long term, the share of the Asia-Pacific countries in Russia's foreign economic relations may exceed 40%,” said Alexey Ulyukaev.

Russia's trade with the region's countries in 2013 amounted to $ 222,1 billion, an increase of 4,1% over the previous year. The APR countries accounted for 26,3% of the turnover of Russian foreign trade in 2013. Over the past five years, this share has increased by almost 5 percentage points (from 21,6% in 2008). "We are looking for a new balance. We do not want exports to Asia-Pacific countries to increase due to a reduction in exports to European countries," the minister said.

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