Business programme

Transformation of Cooperation Chains: New Opportunities and Prospects

16 Jun , 15:00–16:15
The New Economic Order: Responding to the Challenges of the Time

Unprecedented sanctions have severed the working ties and connections it took Russian industry years to establish. In order to prevent shortages of raw materials and components, global value chains must be transformed – and building new economic relations with industrial enterprises from friendly countries should be given special attention, especially those within the EAEC and the Union State. However, a significant number of the working ties that existed with friendly countries were severed in the 1990s and have yet to be fully restored. Moreover, the transformation of global value chains has led to a decrease in cooperation between EAEU countries in most industries over the past 5 years. This has been especially pronounced in the production of electrical equipment, machinery, metallurgy, and in the chemical industry – mutual supply trends in these areas show negative values. Should we establish new domestic enterprises for the production of import-substituting products or would it be more profitable to build production chains with enterprises from friendly countries in possession of the necessary competencies? What customs-related, infrastructural, logistical, and other barriers are hindering the strengthening of swift industrial cooperation with friendly countries? How can we stimulate industrial cooperation between domestic enterprises and friendly countries? How can the supranational economic structures of the EAEU and the Union State contribute to strengthening working ties between member countries under pressure from sanctions? How can we establish a process for information exchange on major investment projects between industrial enterprises within the EAEU and the Union State?