Foreign Economic Relations
In pursuance of the policy outlined by the President of the Russian Federation V. V. Putin to expand interregional cooperation with the Republic of Uzbekistan, in 2018, positive dynamics of deepening partnerships at the regional level between the Leningrad Region and the Republic of Uzbekistan were noted, delegations of the Ferghana and Bukhara Regions visited the Leningrad Region.
During the meetings, the parties discussed the prospects of trade and economic cooperation, the implementation of investment projects in the agro-industrial complex, light and food industries, as well as the conclusion of cooperation agreements.
In 2018, the delegations of the Leningrad Region actively participated in the work of conferences and forums: The Ninth Russian-Azerbaijani Interregional Forum, the Seventh Russian-Armenian Interregional Forum, the Sixth Conference on Interregional Cooperation between Russia and Tajikistan, the Ninth Russian-Abkhaz Business Forum.
In modern international conditions, special attention is paid to the interaction of the constituent entities of the Russian Federation. For the Leningrad Region, the goal of developing interregional cooperation is to increase the investment attractiveness of the region, as well as to assist in promoting the products of the Leningrad Region’s producers to the commodity markets of other territories.
To clarify the existing cooperation agreements in 2018, an action plan was signed to implement the Cooperation Agreement between the Government of the Leningrad Region and the Council of Ministers of the Republic of Crimea for 20182021 and an action plan to implement the Agreement between the Government of the Leningrad Region and the Administration of the Kursk Region on trade and economic, scientific and technical, social and cultural cooperation for 2018-2020.
At the end of 2018, the foreign trade turnover of the Leningrad Region, as compared with 2017, increased by 21.5% and amounted to 10,224.9 million US dollars. The value of exports of goods amounted to 7,109 million US dollars and increased by 25.7% (due to the growth of exports of fuel and energy products and mineral products); the value of imports of goods amounted to 4,115.9 million US dollars and increased by 14.8% (due to the growth of imports of machinery
and equipment). Exports exceed imports by 73%.
In 2018, trading operations were carried out with partners from 160 countries. The main partners include the PRC (15.6% of trade), the Netherlands (9.2%), Finland (7.4%), Germany (6.6%), the USA (5.0%), Denmark (5.0%). In the North-West Federal District, the Leningrad Region took the 2nd place in exports and the 3rd place in imports.