Bashkortostan Development Corporation and the Great Stone Industrial Park signed a memorandum of cooperation

24.05.2022

Within the framework of the meeting of the joint Working Group on the development of bilateral cooperation between the Republic of Belarus and the Republic of Bashkortostan, the Director General of the Regional Development Corporation Nail Gabbasov signed a memorandum of cooperation with the Administration of the Chinese-Belarusian Industrial Park "Great Stone".

- Our cooperation with Belarusian colleagues has been established thanks to systematic work with the Ministry of Foreign Economic Relations and Export Activities of Bashkortostan, - said Nail Gabbasov, Director General of the Development Corporation of the Republic of Bashkortostan. - The signed memorandum will become a tool for increasing the competitiveness of business in Bashkortostan and Belarus. This is an important step for the development of high technologies, close commercial ties and increasing the volume of bilateral trade and investment, as well as improving the activities of exporting enterprises and increasing export opportunities.

According to the memorandum, the purpose of cooperation is to create a concrete basis for cooperation and strengthen the effectiveness of the process of attracting investments to the Republic of Bashkortostan and the Chinese-Belarusian Industrial Park "Great Stone". In addition, the parties will cooperate on improving the business environment and investment climate, make efforts to find and attract interested investors, as well as assist in various joint activities to improve economic and social ties.

At the end of the solemn ceremony of signing the memorandum, the guests from Belarus visited the Development Corporation, where they were introduced to the preferential zones operating in the region, the management company of which is the Development Corporation. During the visit, the members of the delegation also discussed with the leadership of the department the prospects for bilateral cooperation.

For reference:

The Chinese-Belarusian Industrial Park "Great Stone" is a new high-tech international platform for doing business 25 km from Minsk with modern industrial architecture, affordable infrastructure and environmental solutions. "The Great Stone" presents companies with a unique platform with access to ready-made production, engineering, transport, customs and socio-administrative infrastructure, significant tax preferences, as well as a special business service system.