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Combining Russian, Chinese projects will bring benefits: official

Xinhua, September 3, 2015 Adjust font size:

The alignment of the Russian-led Eurasian Economic Union with China's Silk Road Economic Belt will bring benefits, said the governor of Primorsky Krai, the southeasternmost region of Russia.

If the two countries cooperate properly, the two projects will bring positive effects to his region, Vladimir Miklushevsky told Xinhua.

"In my opinion, combining the two projects will have positive effects, for example, in the field of logistics," he said.

According to the governor, Primorye Krai has two transport corridors running through it: Primorye 1 and Primorye 2. If Chinese companies use the two corridors for the transport of goods destined for Japan, they will save much time.

He also noted that Vladivostok's Free Port Law can also be applied to the 15 municipalities adjacent to the two transport corridors.

"The current Free Port Law has created a very favorable environment for Chinese investors. For instance, an investor will be given a five-year tax-free treatment," said the governor.

Also, he disagreed with the claim that the Russian Far East merely serves as a raw material base for China and other Asia-Pacific countries.

"We are not going to export all the raw materials as the way they are. We also aim to develop deep processing industry," Miklushevsky said, but adding that "if those materials are necessary for China, South Korea and Japan, there is nothing wrong with it." Endi