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04 September 2020, 09:27
Anzhelika Nikitina

FEZ should become investment locomotives

Anzhelika Nikitina
Anzhelika Nikitina
Deputy Economy Minister

Belarusian free economic zones should become the main drivers of investment, Deputy Economy Minister Anzhelika Nikitina said at the conference “Operation of free economic zones in Belarus” that opened in the FEZ Gomel-Raton on 3 September, BelTA has learned.

According to Anzhelika Nikitina, this meeting was called in order to discuss new approaches to the formation and priorities of the FEZ in the next five-year period. “Today we need to come up with new approaches. Time does not stand still. We see that free economic zones in the neighboring states and partner countries have completely different terms, benefits, functions, etc. Free economic zones should become locomotives for raising and utilizing investment. This necessitates certain amendments to the legislation,” the deputy minister said.

She emphasized that it is necessary to preserve the potential of the FEZ, their focus on export and their investment function. "Amendments will be introduced with this in mind," Anzhelika Nikitina specified.

The conference in Gomel, which is taking place on 3-4 September, has brought together heads of the country's free economic zones, specialists in investment, economics, legislation, representatives of the Economy Ministry and the Gomel Oblast Executive Committee. The participants of the forum will discuss four blocks of issues related to the FEZ operation: legislative amendments, ways to boost investment, land and infrastructure development, economic efficiency.

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