Development of Foreign Economic Activities of the Industry Sector of the Region

Abstract

One of the key issues for the effective development of the agricultural sector of the economy is foreign economic activity. The study was conducted in order to study the level of development of the sectoral market of certain types of agricultural products in an agro-oriented cross-border region in the context of reaching the international level and the availability of logistics infrastructure. The indicators of the promising leading sectors of the agricultural sector of the economy (economic, innovative, infrastructural) considered for evaluation make it possible to objectively assess the level of sectoral development and give appropriate recommendations, taking into account the logistical capabilities of the region and its cross-border location, the effective functioning of crop and livestock industries in the context of the development of international activity. Effective sectoral development involves the interaction of all constituent elements, while a special role is assigned to the processing link, which has the final action in the technological production chain in the form of the presentation of finished products on the consumer market, as well as the logistics infrastructure, which allows optimizing transportation costs. The proposed segmentation of local production areas on the example of the dairy industry based on the potential in the form of production of raw milk and its processing suggests the presence of a cheese-making zone and a zone for the production of whole-milk products, oriented to the domestic and international markets. The developed transport infrastructure of the region and the cross-border position allows integrating into international transport corridors, which will allow more efficient development of sectoral markets for agricultural products. The results of the study can be the basis for making a forecast for the sustainable development of the agricultural sectors of the region, the processing industry in the context of active foreign economic activity.