Peat with microflora, fish with added value: the Federal District in the Far East transforms exports.
For years, the Far East was seen as a territory from which oil, gas, coal and fish come out. Today this picture looks different. The Far East is developing niches that involve working with products: marine biotechnology, deep processing of biological resources, digital solutions for marine logistics. And this is really a "road map" of future decisions.
Surimi imports to Thailand doubled last year - the Russian price pays 8-10% more than the American one. The Delpribor plant supplies underwater robots and aquaculture plantation protection stations to Vietnam. Thailand and Vietnam operate coastal IT systems for ports. These are value-added products that compete in foreign markets.
The state transfers the support in the same direction. Since January, the MTOR regime has been in effect: the tax conditions are fixed for investors for 15 years, the insurance premiums are 7.6%. Of the three thousand residents of the Far East, about 700 work in the innovation sector. The unconditional priority remains - products with high added value.
A good example of this approach is peat. Some areas ship it in bulk, while others sell patented fertilizers. The Far East Peat Company produces granules enriched with microflora, and more than 95% of the products are exported. The production itself is not expensive, but it seriously changes the cost of the product.
Competition with East Asia is still tough, and businesses in the Far East are also looking to Africa, Latin America and India. But the trend is already clear - the Far East ceases to be a supplier of raw materials. The number of small technology companies in the region has almost tripled in the past year.