Common industrial policy

Belarus and Russia signed an intergovernmental agreement on the principles of a common industrial policy, as well as on cooperation in microelectronics. These documents are from 28 union programs. Microelectronics enables enterprises to share competencies, determine areas of work and form an investment program in order to jointly create new products. Industrial policy is an important element of the common economic space. We are talking about the two countries recognizing technological operations in key, primarily machine-building industries. The program provides access to federal and regional subsidies. Thus, equal conditions for managing and doing business in the market of the Union State are being created.