Mechanism of customs regulation of the import of pharmaceutical products

J. A. Sviridova (), A. A. Nikonorova () and A. G. Luchkin ()

International Trade and Trade Policy, 2024, vol. 10, issue 2

Abstract: One of the main features of the Russian pharmaceutical market is that imported pharmaceutical products significantly predominate in its structure according to the criterion of origin. The high share of imports of medicines is due to the need to provide the population with high-quality medicines, including vital medicines, analogues of which are not produced in the Russian Federation. In this regard, consideration of issues related to the customs regulation of imports of pharmaceutical products is particularly relevant. The mechanism of state management of the foreign trade sphere covers a variety of instruments that have a direct or indirect impact on current economic processes, the main of which is customs regulation. The priority area of the customs mechanism is the formation of a favorable economic environment for national production. The customs authorities of Russia are directly involved in regulating the import of pharmaceutical products in order to ensure the economic security of Russia, monitoring compliance with relevant prohibitions and restrictions by participants in foreign economic activity. In the course of the conducted research, it was found that the mechanism of customs regulation of the import of pharmaceutical products is crucial in the formation of foreign trade turnover of goods of the studied commodity group.

Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:acl:journl:y:2024:id:692

DOI: 10.21686/2410-7395-2024-2-157-170

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