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Putin signs law establishing Vladivostok as a free port
(The Siberian Times)
July 14, 2015
By The Siberian Times
Key move to revive Far Eastern economy and compete with Macau and Busan.
The move gives huge tax advantages to locals while at the same time making the region more attractive to foreign investment, especially from China, Japan and South Korea.
Based on Russia's Far East capital, the new legal framework, to last 70 years, unites ports in 15 cities near Vladivostok. Primorsky Territory Governor Vladimir Miklushevsky said it will make the city an attractive option for overseas trade and help stimulate the economy ...... Read more on The Siberian Times
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