2 August 2019

Dmitry Medvedev Signed a Decree to Establish Zabaikalye ASEZ

Zabaikalye Advanced Special Economic Zone (ASEZ) has been established in the Zabaikalsky Territory. Prime Minister of the Russian Federation Dmitry Medvedev announced the signing of the corresponding decree during a meeting dedicated to the arrangements for socio-economic development of the Zabaikalsky Territory that took place in Chita on 1 August.

According to the document, Establishment of Zabaikalye ASEZ is aimed at the development of the Zabaikalsky Territory and building competitive advantages for attracting investors. The plan includes creation of over 9,250 jobs. Total revenue for budgets of all levels will reach 31.3 billion roubles by 2028.

According to Dmitry Medvedev, 15 projects worth almost 200 billion roubles in such areas as industry, agriculture, and extraction of mineral resources are planned to be implemented on the territory of Zabaikalye ASEZ. One of the key projects will be the development of the Udokan copper mine.

Zabaikalye is the twentieth ASEZ created in the Russian Far East. Earlier, in June 2019, a decree on establishment of Buryatia ASEZ in the Republic of Buryatia was signed.

In 2018, the Zabaikalsky Territory and the Republic of Buryatia became part of the Far Eastern Federal District. All investor support mechanisms and preferences that are in place in the Far Eastern Federal District have been expanded to these two regions.

The issues of optimization of preferential regimes in the Far East, such as ASEZs and the Free Port of Vladivostok, will be discussed as part of the New Solutions for Accelerating Economic Growth block of the business programme of the 5th Eastern Economic Forum. EEF 2019 will be held in Vladivostok on 46 September.

Source: http://government.ru/docs/37536/

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