Foreign investments continue to increase their importance in the economy of Khabarovsk Krai. The volume of direct capital investments is constantly growing, the large projects are put into effect, portfolio investments begin to come into the privatized enterprises, and the projects with the attraction of foreign credit are being implemented. The first international tenders for the right to develop the mineral resources have been established. More than 500 enterprises with foreign investments were established in the territory of the Krai, 105 of which are fully owned by foreign investors.
The total volume of registered foreign investments in the economy of the Krai exceeded 120 million US$, including
36 million US$ (or 30%) of investments from the USA,
21 million US$ (18%) from Japan,
11 million US$ (9%) from China.
2.5 million US$ (2%) from the Republic of Korea.
The Russian-American joint venture "Daltelecom International," the Russian-Japan joint venture "Kiyama-Avia" and the Russian-Australian joint venture "Amurstal Ani" are the largest by volume capital investments. The main spheres of activity for the joint ventures are mining and processing of natural, resources, internal and foreign trade, services in the field of transport, communication, hotel and restaurant operation.
Some of the joint ventures (Russian-Japan "Vostokmetall," "Vanino-Tairiku" and the Russian- Australian "Amurstal-Ani") are among the leading exporters of the Krai. The share of joint ventures is 12% of the total volume of export, in the volume of import, 18%. Enterprises with foreign investments affect the export deliveries of lumber, fish and fish products, scrap and wastes of ferrous and nonferrous metals, aluminum alloys and different related services. The considerable amount of import goods is delivered into the Krai through the joint ventures, formed with the companies of different countries. Joint ventures import consumer goods, foodstuffs, electronic equipment, transportation facilities, technological equipment and materials for the development of their own production. A considerable portion of the machines and equipment delivered to the Krai is a contribution by foreign investors to joint ventures.
Understanding the importance of the attraction of foreign investments, the Administration of Khabarovsk Krai and the Territorial Duma attempt to create the most favorable conditions for foreign investors. With this purpose, the following tax privileges concerning the allocations to the Krai's budget are granted in the territory of the Krai:
- Newly founded joint ventures with a share of foreign investors more than 30%, branches of foreign companies and companies which wholly belong to foreign investors are exempt from a profit tax for two years in the spheres от production activity and services in the hotel business
- Newly founded enterprises, with a volume of foreign investments which is more than 5 million US$ directed toward the development of mineral deposits and construction of projects for the transportation system are exempt for three years.