Plans have been made to grant more substantial preferences to investors in the China-Belarus industrial park Great Stone. The statement was made by Belarusian Economy Minister Vladimir Zinovsky after the seven session of the working group on the industrial park's development in Minsk on 12 May, BelTA has learned.
The Economy Minister said: “We have sketched out further measures meant to attract foreign investments. Not only Chinese investments but also investments from major German companies. Solid agreement has been reached with the ambassador of Germany on where we will arrange PR campaigns and investment forums.”
Vladimir Zinovsky also underlined the importance of setting up a free customs zone of the industrial park. He noted that the relevant amendments to the legislation are being prepared to grant more substantial preferences to investors. The Economy Minister said he believes that the measures will represent a certain additional incentive for investors.
Chinese First Deputy Commerce Minister Zhong Shan spoke in positive terms about the operation of the industrial park. He stressed that major Chinese companies, including state-run and privately owned ones, are expected to arrive in the industrial park in Q3 2016, for instance, manufacturers of electronics and household appliances.
Participants of the session of the working group on the industrial park's development discussed the park's operation, the park's legal regime, ways to attract new investors, and summed up results of two key stages in creating the park's starting zone.
The working group agreed with the proposal of the Belarusian side in favor of working out a strategy for the park's development.