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Law on ratification of Agreement on free economic zones within the customs territory of the Customs Union and on customs procedure of free economic zone

February 26, 2024

The President signed Federal Law On Ratification of the Agreement on Free (Special, Exclusive) Economic Zones within the Customs Territory of the Customs Union and the Customs Procedure of a Free Customs Zone.

The Agreement was signed in St Petersburg on June 18, 2010.

The Agreement stipulates that free (special, exclusive) economic zones are created in order to promote the socioeconomic development of the parties to the Agreement, attract investment, launch and develop production facilities based on new technologies, develop transport infrastructure, tourism and health resort sector, as well as for other purposes defined when creating such economic zones.

February 26, 2024