Experts discuss modernization and localization of car industry

18.10.2018

The introduction of new technological solutions can significantly reduce the share of imports in the domestic car industry. The issue was discussed at a meeting of representatives of state authorities, Belarusian enterprises of the automotive sector and international experts. In the age of the 4th industrial revolution, digital technologies provide the entire product life cycle, which reduces its final price and directly increases competitiveness. Import substitution was also discussed. Today, the Eurasian Economic Union’s requirement of 50% localization of the car industry is already in force. The use of new technologies will allow increasing the production of domestic automobiles while reducing imports.

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