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FEZ Grodnoinvest expands cooperation with the Voronezh and Vologda regions

On June 30, at a meeting of the joint Belarusian-Russian Business Council within the framework of the IX Forum of Regions of Belarus and Russia, the administration of FEZ Grodnoinvest signed bilateral agreements on cooperation with the Voronezh and Vologda Chambers of Commerce and Industry.

The documents provide for the promotion of foreign economic relations of the regions, the exchange of information on promising areas for the development of bilateral cooperation, the organization of bilateral business events, the exchange of presentation and promotional materials.

At the forum, the resident enterprises of FEZ Grodnoinvest also presented their products for import substitution. In 2021, the trade turnover of FEZ Grodnoinvest with the Russian Federation exceeded $1.1 billion, which is 34% more compared to the same period last year. The basis of mutual trade is Belarusian export - it grew 1.6 times to $0.8 billion.

During the period of operation of the SEZ, about $400 million of foreign investments were attracted from the Russian Federation. Recently, the possibilities of FEZ Grodnoinvest for Russian business were presented during the visit of the delegation of the Grodno region to the Voronezh region.