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June 2024 (published: 06.06.2024)
Number 2(57)
Home > Issue > Estimation of the volume of import substitution and parallel imports
in the Russian Federation
Sosnilo A.I. , Yarkina M.S.
The article assesses the effectiveness of import substitution and the use of such a tool as parallel imports. The stability of the Russian domestic market and the autonomy of the country's economy have found themselves in difficult conditions. Thanks to the development of import substitution and the permission of the Ministry of Industry and Trade of the Russian Federation to import goods into Russia through parallel imports, the situation has stabilized considerably. Import substitution and parallel imports contribute to the reduction of foreign trade imbalance. Reduction of imports helps to balance the country's balance of payments and reduce the share of import dependence in the economy. Parallel imports are progressive, allowing to maintain production processes and the operation of entire industries. However, from another point of view, this process completely absorbs all sectors of the domestic market and is an obstacle to the development of domestic production. The relevance of this study is based on the importance of developing effective measures and policies in the field of import substitution and combating parallel imports. These factors are directly related to the competitiveness of Russian producers, the development of domestic production and reducing dependence on imports. The overall objective of the study is to conduct comprehensive research aimed at determining the current state of import substitution and parallel imports in the Russian Federation, to determine their role in the economy, the reasons, and ways of its development. The results of the study allowed to draw conclusions about the need to increase import substitution, as well as the importance of taking measures to combat parallel imports. Recommendations were formulated on the protection of intellectual property rights and the development of appropriate public policy. These results can be used to clarify the directions of further actions in the field of import substitution and parallel imports in Russia.
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Keywords: import substitution; parallel import; domestic industry; trade turnover; Ministry of Industry and Trade of the Russian Federation; protectionism; international companies; copyright; economic sovereignty.
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
UDC 339.97
Estimation of the volume of import substitution and parallel imports
in the Russian Federation
The article assesses the effectiveness of import substitution and the use of such a tool as parallel imports. The stability of the Russian domestic market and the autonomy of the country's economy have found themselves in difficult conditions. Thanks to the development of import substitution and the permission of the Ministry of Industry and Trade of the Russian Federation to import goods into Russia through parallel imports, the situation has stabilized considerably. Import substitution and parallel imports contribute to the reduction of foreign trade imbalance. Reduction of imports helps to balance the country's balance of payments and reduce the share of import dependence in the economy. Parallel imports are progressive, allowing to maintain production processes and the operation of entire industries. However, from another point of view, this process completely absorbs all sectors of the domestic market and is an obstacle to the development of domestic production. The relevance of this study is based on the importance of developing effective measures and policies in the field of import substitution and combating parallel imports. These factors are directly related to the competitiveness of Russian producers, the development of domestic production and reducing dependence on imports. The overall objective of the study is to conduct comprehensive research aimed at determining the current state of import substitution and parallel imports in the Russian Federation, to determine their role in the economy, the reasons, and ways of its development. The results of the study allowed to draw conclusions about the need to increase import substitution, as well as the importance of taking measures to combat parallel imports. Recommendations were formulated on the protection of intellectual property rights and the development of appropriate public policy. These results can be used to clarify the directions of further actions in the field of import substitution and parallel imports in Russia.
Read the full article
Keywords: import substitution; parallel import; domestic industry; trade turnover; Ministry of Industry and Trade of the Russian Federation; protectionism; international companies; copyright; economic sovereignty.
DOI 10.17586/2310-1172-2024-17-2-13-23