One of the key functions of the Ministry of Economic Development of Russia is to develop state policy and regulation in the field of foreign economic activity. The work in this area is based on the goals set by the May decree of the President of the Russian Federation, as well as long-term goals, tasks and priorities of Russia's foreign economic policy, including those formulated in documents developed by the Ministry: Strategy for the development of services exports until 2025 (approved by the governmental decree of the Russian Federation No. 1797-p dated August 14, 2019); Strategy for the participation of the Russian Federation in the WTO, the draft foreign Economic strategy of the Russian Federation until 2030.
To achieve these goals and objectives the Ministry is working in the following main areas
- Improving trade and investment regimes with foreign partners. It is carried out through negotiations on new multilateral agreements within the WTO framework, free trade agreements, agreements on the investment promotion and protection.
- Strengthening integration within the framework of the Eurasian Economic Union (EEU).
- Development of bilateral trade and economic relations with foreign partners, which is implemented through the activities of Intergovernmental commissions and other dialogue platforms; monitoring trade policy and controlling compliance by trade partners with their international obligations towards Russia; creating favorable conditions for foreign trade activities and eliminating trade "irritants".
- Multilateral economic cooperation, including within the framework of the WTO, CIS, BRICS, APEC, and SCO.
- Implementation of the world's best regulatory practices affecting foreign economic activity.