Development of food exports to ensure economic security
Development of food exports to ensure economic security

Summary/Abstract: This paper deals with knowledge in the field of increasing the level of the state economic security in view of the development of foreign trade in food products. The obtained results make it possible to determine the relationship between food and economic security, as well as the place of foreign trade in achieving sustainable development. The assessment of the volume of food production and the level of food security has allowed the authors of the paper to identify promising food groups for export. They include meat and meat products, as well as vegetables and gourds. These groups were determined on the basis of an assessment of the level of production, the volumes of which correspond to the threshold values of food security and have growth prospects. Calculations of the balance of food products, taking into account the needs of the domestic and foreign markets, are presented in the paper. The calculations are based on the condition of maintaining the target level of food security and increasing economic security. The main results of stimulating exports of food products will be: diversification of exports, an increase in the country’s share in world trade, an increase in foreign exchange earnings, expansion of agricultural production and a cumulative growth in gross domestic product. The instruments of state regulation of foreign trade in food products will be export quantitative quotas for goods the production level of which exceeds the threshold of self-sufficiency, as well as increased export duties on food, the production of which does not cover the domestic needs of the country. As part of the study a potential effect of the proposed measures implementation to improve economic security was presented. The potential for increasing exports is more than 1.5 million tons for meat and meat products and 162 thousand tons for vegetables and gourds.

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