This text is translated into Russian by google automatic human level neural machine.
EastRussia is not responsible for any mistakes in the translated text. Sorry for the inconvinience.
Please refer to the text in Russian as a source.

The bill "On the territories of advanced development" deputies of the State Duma will be considered in the first reading on Wednesday, November 12

The State Duma is preparing to legislate the creation of priority development territories in the Far East. Investors will be given incentives, and the region will receive new industries and jobs, and will also play a significant role in the development and expansion of cooperation with the Asia-Pacific countries. Deputies of the lower house of parliament intend to consider the corresponding bill in the first reading tomorrow, November 12.

"The global geopolitical situation clearly shows that one of the key priorities for Russia is the expansion of mutually beneficial cooperation with the countries of the Asia-Pacific Region (APR)," said Igor Rudensky, chairman of the State Duma Committee on Economic Policy, Innovative Development and Entrepreneurship, on November 11.

In the near future, Russia intends to significantly expand its cooperation with the Asia-Pacific countries, and plans to increase its trade with them by 40%. Vladimir Putin, who is participating in the APEC business forum these days, noted that Russia "must use the competitive advantages of this fast-growing world center of economy, technology and innovation." And the key role in this process is assigned to the Far Eastern Federal District.

The bill should stimulate the inflow of investments.

According to Igor Rudensky, the document provides for the provision of incentives for income tax, property tax and land tax, customs benefits, simplification of administrative procedures, access to credit resources will be facilitated.

“This is a priority bill of the United Russia party, the government of the Russian Federation, the president pays special attention to it,” the parliamentarian said.

The development of infrastructure, in which serious resources are planned to be invested in the near future, will help to increase the investment attractiveness of the region. The head of the relevant committee of the State Duma drew attention to the fact that the construction of roads and large logistics centers is planned in the region, and the modernization of the BAM and Transsib will be carried out, which should become the basis of the transcontinental railway connecting Europe and Asia. In addition, further development of the Northern Sea Route is planned, which will ensure the safe and profitable movement of goods between the Asia-Pacific countries and Russia.

December 9: current information on coronavirus in the Far East
Digest of regional events and latest statistics