"Free economic zones (FEZ) in Kyrgyzstan will work in a different direction from 2017," the Minister of Economy Arzybek Kozhoshev said today at the session of Parliament.
He explained that a special working group will be created for the purpose. "You have it too, I hope we will cooperate and work together," Arzybek Kozhoshev addressed to the deputies.
It is about customs regulations in the framework of the EEU, which will start functioning in 2017. The new rules will make it virtually impossible to export products manufactured in FEZ to the territory of EEU countries, in particular Russia and Kazakhstan, which are the main consumers of products from Kyrgyzstan. In this regard, today Parliament adopted a resolution On Commission of the Government of the Kyrgyz Republic on Free Economic Zones issues.
According to the initiator of the resolution, the deputy Dastan Bekeshev (SDPK), the Cabinet could work out a common program and, possibly, transform the existing FEZ (there are 5 of them) into special tax zones with facilitated taxation - low income tax rates of 1-2 percent, the absence of VAT and so on. "Today, there is a competition between EEU countries, so we have to make so that we got the same eggs and chicken meat not from Russia, but produce it at home. That is, there must be production of goods, but not their assembly or modification," Dastan Bekeshev concluded.
Speaker Asylbek Jeenbekov said that in case of the lack of exports to EEU, products of Kyrgyzstan have a chance to be sold in other foreign countries. "Our textiles are sold in China and other products are exported to Germany, so there is a progress," he concluded.