Foreign economic activity. Representation of participants in foreign economic activity playing an intermediary role in foreign economic activity, their target orientation (the most important)

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Foreign economic activity. Representation of participants in foreign economic activity playing an intermediary role in foreign economic activity, their target orientation (the most important)

Lecture notes, cheat sheets

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13. Representation of participants in foreign economic activity playing an intermediary role in foreign economic activity, their target orientation

The group of participants in foreign economic activity that play an intermediary role in foreign economic activity is made up of associations and organizations that are not producers and owners of export products, but only provide foreign trade operations in the foreign market on behalf of producers. These organizations include:

▪ Specialized foreign economic organizations (hereinafter - VO) Ministry of Economic Development of Russia. VOs serve foreign economic relations at the state level, providing commercial and other operations in the foreign market on the terms of intergovernmental agreements, including exports through foreign companies under licenses from the Russian Ministry of Economic Development, special (critical) imports under separate government decisions. They carry out export-import operations in the interests of associations and organizations of the industrial complex on the terms of a commission or commission agreement, provide intermediary, consulting and other services related to foreign economic activity, various production structures, foreign firms and citizens, state and public organizations on international standardization and criteria for the competitiveness of products in the world market.

▪ Sectoral foreign economic associations (hereinafter - VEO) are created in the sectoral industrial ministries with the aim of promoting the development of foreign economic activity of enterprises and industry associations, finding new forms of cooperation with foreign partners on the basis of direct ties, joint entrepreneurship. Subject of activity of the VEO: operations for the export of products manufactured by enterprises of the industry, and import purchases within their foreign currency; measures to organize maintenance of equipment supplied for export, holding specialized exhibitions, international meetings and symposiums with representatives of related companies in their country and abroad; information and advertising work in order to expand export-import deliveries, publication of promotional products; provision of foreign trade transportation and storage of goods. The VEO includes specialized foreign trade firms (WTF), which are not legal entities, but have the right to conclude on its behalf foreign trade transactions and business contracts with suppliers and customers of import deliveries.

Mixed Societies (SO) are created by manufacturers of export products abroad with the participation of funds from large Russian exporting enterprises and their foreign partners.

The main function of CO - trade and marketing, including trade in scientific and technical knowledge. SO are engaged in pre-sales activities; provision of services - banking, freight forwarding, (preparation, assembly, adjustment of units, mechanisms).

The purpose of creating COs abroad - promoting the expansion of domestic exports, improving its structure and increasing the efficiency of foreign trade transactions; strengthening in foreign markets and securing key positions in certain areas of the states where they are established, through participation in foreign firms and companies through the acquisition of part of their shares.

Trading houses - these are firms or companies that are associations of various kinds of foreign trade, manufacturing, transport, storage, research, information, as well as banking and insurance organizations that are part of them on a voluntary basis and carry out their activities both in their own country and and abroad, i.e. they are universal trade and production structures.

In Russia, to date, trading houses as large commercial and industrial groups of a conglomeration type have not yet been created, due to the lack of a clear legal framework and economic conditions.

Author: Bobkova O.V.

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