Sidorsky promises all-round support to Portuguese investors in Customs Union

MOSCOW, 18 July (BelTA) – Sergei Sidorsky, member of the collegium (minister) of industry and agriculture of the Eurasian Economic Commission (EEC), promised that Portuguese investors will get all-round support in setting up new production facilities in the Customs Union, BelTA learned from the press service of the EEC Commission after the meeting of the EEC delegation led by Sergei Sidorsky with the representatives of the Investment and Foreign Trade Agency under the aegis of the Portuguese government and the business community of this country. The meeting took place in Lisbon.

“The minister said about the readiness to provide all-round support of Portuguese initiatives to establish new production facilities in the Single Economic Space, including at the premises of existing facilities in Belarus, Kazakhstan and Russia. The EEC is also planning to facilitate information exchange with potential investors,” the press service informed.

At the meeting Sergei Sidorsky pointed out the propitious business environment in the Customs Union and the Single Economic Space. He mentioned tax preferences in the member states of the Customs Union and the Single Economic Space for investors and manufacturers of innovative products, the possibility to use infrastructure, special zones and hi-tech parks in the three countries.

According to Sergei Sidorsky, long-term mutually beneficial relations can rely on industrial cooperation between Portuguese companies and enterprises of the Single Economic Space.

The participants of the meeting agreed to sign a memorandum of cooperation between the Eurasian Economic Commission and the Investment and Foreign Trade Agency of Portugal which will coordinate interaction in the main avenues of industrial development.