The Department ensures that the Ministry exercises the following powers:
Development of proposals on the elaboration of the government policy in the sphere of foreign trade activities of the Russian Federation in relationships with the Asian countries (excluding ASEAN countries), America, Africa, Middle East, Europe and Australia (hereinafter – the supervised countries), and also cooperates with the European Union (EU), Southern Common Market (MERCOSUR), the African Union and the Andean Community.
Together with the federal executive authorities concerned, ensures activities of the Russian parts of intergovernmental commissions on the trade and economic, as well as scientific and technical cooperation between the Russian Federation and the countries under its supervision, and exercises functions of their secretariats.
Cooperation with the EU in the foreign economic sphere, improvement of the international treaty framework for cooperation with the EU in the field of foreign economic relations within the competence of the Ministry.
Ensuring the implementation of the Russia-EU common initiative “Partnership for Modernization”.
Interaction following the established procedure within the competence of the Department with the public authorities of the supervised countries, governing bodies and representatives of the EU, the Southern Common Market (MERCOSUR), the African Union and the Andean Community concerning foreign economic cooperation.
Participation together with other structural subdivisions of the Ministry in monitoring and analysis of measures for economic and trade policy with the supervised countries, in the European Union and their impact on the socio-economic development of the Russian Federation.