Vladivostok Established As Free Port By Russia

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To regulate relations arising from the establishment and operation of the Vladivostok free port, Russian President Vladimir Putin signed a law.

Russian law states the following:

  • Vladivostok free port is a part of Primorye Territory
  • Support business activity to attract investment in developing transport infrastructure
  • Open and develop production facilities manufacturing competitive goods for the Asia-Pacific region markets
  • Speed up socio-economic development and raise the living standards of the Far East residents

The establishment of free port is for a time period of 70 years.  The law contemplates a possible extension of this time period as well as early termination of state support measures for business in the free port territory.

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