The move will be done to catch up with the rest of the world in this segment of the market. The document, posted on the website of the government, says that the global biotechnology market has been developing rapidly and is expected to reach two trillion dollars by 2025. Russia’s share in the global biotechnology market accounts for less than 0.1 percent. Moreover, Russia does not manufacture genetically modified products in several segments of the market.
The Russian Ministry for Economic Development has developed an action plan in the field of biopharmaceuticals, biomedical, industrial biotechnology, bio-energy, agri-food biotechnology, forest biotechnology, environmental biotechnology and genetic engineering to develop research, production and cooperation, as well as improve state regulation and personnel training.
Tags: biopharmaceuticals, biomedical, industrial biotechnology, bio-energy, agri-food biotechnology, forest biotechnology, environmental biotechnology, export
Source: Pravda, 2013-07-23.