Great Stone given special territorial economic zone status

The China-Belarus industrial park Great Stone has been given the status of a special territorial economic zone. It provides customs benefits to the park’s residents. In addition, simplifications were introduced both in the field of logistics and in production activities. According to the EAEU Customs Code, the possibility of creating special territorial economic zones in EAEU member states is strictly limited: three such zones can be created in Russia, two in Belarus, and one in Armenia, Kazakhstan, and Kyrgyzstan. The Great Stone was the first of two possible Belarusian special territorial economic zones, which strengthened its status as the most attractive platform for commercial activity in the country and the EAEU. 41 residents are currently registered in the park. The volume of investment is expected to reach more than $1 billion.