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New measures for facilitation of merchant shipping approved

The Edict of the President of the Republic of Belarus of 30 August 2011 No 387 "On Some Measures for Facilitation of Merchant Shipping" provides that merchant shipping entities of the Republic of Belarus shall have priority in rendering merchant shipping services concerning exportation and importation of goods by economic entities registered in Belarus. The Edict also envisages tax benefits for national merchant shipping entities newly created. The Edict enters into force in three months after its official publication.