Abstract

In this article, the author describes the far Eastern Federal district as one of the subjects, considers the socio-economic development of the Far East, especially the timber industry. Since this industry is a priority of socio-economic development. The author also describes the problems of development of the timber industry in the Far East, focusing on the production potential, the object of attention also includes customs duties, the cost of forest products. The author considers solutions to problems through the development of foreign economic cooperation with the countries of the Northeast Asia, namely through foreign investment in the timber industry, construction of common enterprises on mutually beneficial terms, etc.