Methods And Tools for Harmonisation of Industrial and Trade Policy in The Light Industry

This study examines the current industrial and trade policy of St. Petersburg in the field of light industry and substantiates the importance and necessity of the development of this sphere of industry in view of its strategic orientation. This paper analyses the approaches mentioned in the literature to determine the methods and tools for harmonisation of industrial and trade policy and state regulation of the conducted policy. The author developed, proposed and systematised administrative and economic methods and tools of harmonisation of industrial and commercial policy using the example of the light industry in St. Petersburg. As an administrative method of harmonisation of industrial and trade policy, the following tools are proposed: regulatory, state programming, state subsidies and public investment. As part of the economic method of harmonisation of industrial and trade policy, the following tools are proposed: state support for investors (monetary policy, tax policy), provision of benefits and tax policy. These methods and tools are aimed at improving the balance and mutual orientation of the current industrial and trade policy of St. Petersburg in the light industry at the institutional level and the effectiveness of their implementation, the elimination of problems faced by business entities in their activities, and improving the socio-economic situation of the region.