Sunday, November 27, 2011

JV "GM-AvtoVAZ" has received customs privileges

The Russian government ordered the company to provide state support for "GM-AvtoVAZ" to project light vehicle production in Togliatti (Samara Region), Interfax news agency reported, citing the press service of the Russian government. According to this information, the Russian government has instructed the Federal Customs Service to issue at the request of "GM-AvtoVAZ" license for the establishment of free warehouse with the peculiarities of legal regulation of the customs regime for a period of 7 years. In addition, the government agreed to accept the proposal on the establishment of Economic Development of Russia for "GM-AvtoVAZ" in the first year of free storage quota on the export from the warehouse and import the rest of the customs territory of the Russian Federation 99 thousand cars.

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