China-Belarus industrial park to offer special treatment to big investors

The China-Belarus Industrial Park Great Stone will offer special terms of doing business to key investors, Aleksandr Yaroshenko, Head of the Administration of the China-Belarus Industrial Park Great Stone, told reporters, BelTA has learned.

A new draft presidential decree is going to provide additional preferences to projects with investments of at least $50 million. Among them are preferential prices for land plots, easier customs administration procedures.

The Great Stone park is confident that the coming of large investors will build on the cluster principle of activity. In the future, the government might expand these preferences to apply to companies outside the park, but only those that participate in the capital and manufacturing processes of resident companies.

The new draft decree also seeks to encourage the creation of sub-parks, primarily of large Chinese regions, in particular the provinces of Sichuan, Shaanxi and Tianjin. Therefore, companies that set up sub-parks will be able to obtain a resident status.