Trend towards cooperation
Dynamics of acceleration of economic development of the Republic Belarus
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Import substitution is one of the main areas of work of the Belarusian economy, which is now dynamically developing both at different levels and in a full cycle. It should be recalled that in late December 2022 at the meeting of the Presidium of the Council of Ministers of the Republic of Belarus it was noted that in 2023 import substitution will become an even more effective driver of Belarusian industrial production, where special attention will be paid to increasing localization. For reference, we note that two years ago the amount of these products in Belarus amounted to about $27 billion,...
Import substitution is one of the main areas of work of the Belarusian economy, which is now dynamically developing both at different levels and in a full cycle. It should be recalled that in late December 2022 at the meeting of the Presidium of the Council of Ministers of the Republic of Belarus it was noted that in 2023 import substitution will become an even more effective driver of Belarusian industrial production, where special attention will be paid to increasing localization. For reference, we note that two years ago the amount of these products in Belarus amounted to about $27 billion, and already in 2023 the volume of import-substituting products will amount to about $29 billion. This suggests that the import substitution program is going very well. And there are already quite a large number of enterprises in the whole country - in sectors and regions, which are involved in the implementation of import-substitution programs in all areas, from trucks and buses to TV sets,furniture and the simplest consumer goods. What steps are being taken in Belarus in this direction of development of the Belarusian economy? What is relevant in this regard? This is the subject of this proposed study.
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