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Commentary to Decree No.428 of 30 November 2017

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MIL OSI – Source: President of the Republic of Belarus – Press Release/Statement

Headline: Commentary to Decree No.428 of 30 November 2017

1 December 2017

On 30 November Belarus President Alexander
Lukashenko signed Decree No.428 to allow different resident companies in free
economic zones (FEZ) to use the same premises (the same land plot) as a free
customs zone. The document is supposed to enable conditions conducive to the
most effective usage of land, manufacturing premises, and warehouses.If free customs zones of different resident
companies occupy the same territory, they will be able to simplify customs
procedures in the course of manufacturing cooperation. Optimal logistics will be
enabled and non-manufacturing costs will be reduced.The administration of the free economic zone will be authorized to
create such free customs zones upon approval of the State Customs Committee in
order to control the presence of merchandise in such free customs zones. The
head of state will be the one to determine which Belarusian free economic zones
may use the new procedure.The document
also provides for bringing legislation into compliance with Decree No.166 “On
improving the special legal regime of the China-Belarus industrial park Great
Stone” of 12 May 2017.

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