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 territories of priority development in the Far East. Investors will be given benefits, and the region will receive new production and jobs, and will also play a prominent role in the development and expansion of cooperation with the APR 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 countries of the Asia-Pacific region, and plans to increase its trade turnover with them by 40%. Vladimir Putin, who is participating in the APEC business forum these days, noted that Russia "must take advantage of 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 flow of investment.

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

"This is the priority bill of the United Russia party, the government of the Russian Federation, the president pays special attention to him," the parliamentarian said.

Increase the investment attractiveness of the region will help the development of infrastructure, in which in the near future it is planned to invest serious resources. The head of the State Duma's profile committee drew attention to the fact that the construction of roads and large logistics centers is planned in the region, as well as the modernization of the Baikal-Amur Mainline and the Trans-Siberian Railway, which should become the basis of the transcontinental railway connecting Europe and Asia. In addition, the further development of the Northern Sea Route is planned, which will ensure safe and beneficial transportation of cargo between the APR countries and Russia.

July 24: current information on coronavirus in the Far East
Digest of regional events and latest statistics