Business news
China-Belarus industrial park advantages presented in Moscow
Photo courtesy of the Embassy of Belarus in Russia
MOSCOW, 11 April (BelTA) – Advantages of doing business in the China-Belarus industrial park Great Stone were presented in the Business and Cultural Complex of the Embassy of Belarus in Russia in Moscow on 11 April, BelTA has learned.
Taking part in the event were ambassadors and heads of commerce services of about 60 diplomatic missions accredited in Moscow as well as representatives of the Association of European Business, the Standing Committee of the Union State of Belarus and Russia, the innovation fund Skolkovo, Russian and foreign business circles.
Igor Leshchenok, First Deputy Head of the industrial park administration, said that the presentation is designed to encourage the embassies accredited in Moscow to pass the word about the industrial park to the private sector of their countries. “Our park offers the most effective conditions for doing business in the entire Eurasian space. We would like to present the conditions the park offers for starting making products both for the European market and the Eurasian one taking into account the fact that Belarus borders on the two markets,” the official said.
During the presentation foreign representatives received invitations to attend the first international forum "Open Great Stone park — an example of global opportunities", which will take place on 1-3 July. “We would like to invite official and business circles of all countries to visit the forum so that they could get familiar with business operation terms and see everything with their own eyes,” Igor Leshchenok added.
During the presentation Ambassador Extraordinary and Plenipotentiary of Belarus to Russia Vladimir Semashko noted that the China-Belarus industrial park Great Stone is an open international project geared towards manufacturing and exporting high-tech science-intensive products. “We invite you to look into the future, into the economy of the fifth and sixth technological paradigms,” the diplomat said. He reminded that the Belarusian economy does not have an abundance of natural resources and relies on science and human capital instead. “By preserving and improving our traditional competences in mechanical engineering, petrochemical industry, agriculture, Belarus actively develops such promising industries as information and communications technologies, electronics, pharmaceutics, bio and nanotechnologies,” Vladimir Semashko said.
As an example he mentioned the Hi-Tech Park in Belarus, which became one of Europe’s largest IT clusters within a short period of time. Its annual export is close to $1.5 billion. The clients are located in 67 countries across the globe.
Vladimir Semashko also mentioned a brand new promising industrial project – Belbiograd. The project is designed to foster cooperation in nanotechnologies and microelectronics by offering preferential terms comparable to those of the China-Belarus industrial park Great Stone and the Hi-Tech Park.
Visitors were told that resident companies of the China-Belarus industrial park Great Stone are exempt from the profit tax for the first ten years, with the rate of the tax halved after that till 2062. Apart from that, resident companies are fully exempt from real estate tax and land tax till 2062. Materials and components imported into the park in order to make products, which are exported beyond borders of the Eurasian Economic Union, are exempted from customs duties and VAT.
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