“Substitution measures should extend to at least 60-65% of non-crucial imports. To achieve it, in 2012 the output of import-substituting products should increase by 20% from 2011 to $3-3.5 billion. That way we will cover virtually the entire range of imports which substitution is economically effective”.
Alexander LUKASHENKO, President of the Republic of Belarus
(an excerpt from the speech at the permanent seminar for executives of central state and regional government
bodies held on 15–16 December 2011 to discuss import substitution as the most important factor
for balanced development of the national economy)