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The foreign trade turnover of the residents of Mogilev Free Economic Area totalled $58.1 million in January-September 2007, Interfax learnt from the regional economy committee.

Exports grew 77.3% on the year to reach $30.2 million, while imports shrank by 15.5% down to $27.2 million, the source specified. As a result, the FEA ended the period with a $2.3 million trade surplus.

The total value of commodities shipped to Russia in the nine-month period was $25.4 million.

According to the source, Russia accounts for 84.2% of the total exports of the FEA.

The bulk of the FEA's exports to Russia fell on plastic, textiles (technical fabrics and bedding) and railway carriages.

The FEA-made goods were also exported to other CIS states and foreign countries (Germany, Turkey).

In January-September 2007 FEA residents manufactured BYR 89.8 billion worth of goods, or 43.4% up on the year.

The total value of sales in that period (including warehouse stocks) made BYR 93.1 billion (31.6% up).

As of October 1 2007 FEA-based companies tied in BYR 12.6 billion in fixed capital investments (50.6% up).

During that period they created 169 new jobs. They paid BYR 4 billion in taxes and attracted $21.6 million in foreign investments, the source reported.

Mogilev FEA was founded in 2002. Currently, it has 10 resident companies.



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