Putin urges investors to build export-oriented ventures in Russia
SOCHI – Investors in Russia should build companies that produce goods for export, not just for the domestic market, Prime Minister Vladimir Putin was quoted by RIA Novosti as saying on Friday.
"Russia is integrating into world trade, although it is not yet a World Trade Organization member, and I would like to appeal to our potential investors: you should use this time to work on the domestic market," he said at the Sochi 2010 investment forum in southern Russia.
"But you should not just count on the internal market, but manufacture goods that would be competitive on any world market," Putin said, adding that Russia was leading the CIS in integration processes.
"We have concrete plans and roadmaps to deepen cooperation with our partners in the former Soviet Union and with other countries," Putin said.
"If you expand production in Russia, it should be competitive on world markets, and not designed for domestic consumption only," the prime minister said.
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!