THE DEVELOPMENT OF FURNITURE INDUSTRY OF KALININGRAD REGION AFTER THE REMOVAL OF CUSTOMS BENEFITS
https://doi.org/10.26794/2587-5671-2015-0-1-118-128
Abstract
The Federal Law on the Special Economic Zone (SEZ) adopted in 1996 has become the impetus for social and economic development of the Kaliningrad region. The law provides the removal of customs duties on imported raw materials and manufactured end products exported in other regions of Russia under condition of sufficient processing of imported raw materials. A new Federal Law on the SEZ adopted in 2006 establishes the 10-year transitional period (2006 to 2016) for companies using the preferences set out in the previous law. During the transitional time, enterprises should re-arrange their activities in a manner to be able to work after the removal of customs benefits.It should be noted that the regime of customs benefits within SEZ has significantly improved the competitiveness of regional enterprises, e.g. the furniture industry is successfully developing.The article analyzes the development of furniture manufacturing in the Kaliningrad region. The research results given in the paper may be used to build up the strategy for further development of furniture enterprises after the completion of transition period stated by the SEZ law.Also, the obtained results may be helpful while developing measures aimed at supporting enterprises after the removal of customs benefits.
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Review
For citations:
Li N.O. THE DEVELOPMENT OF FURNITURE INDUSTRY OF KALININGRAD REGION AFTER THE REMOVAL OF CUSTOMS BENEFITS. Finance: Theory and Practice. 2015;(1):118-128. (In Russ.) https://doi.org/10.26794/2587-5671-2015-0-1-118-128
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