Mobile version
Projects
Services
Government Bodies

Belarus may reach $3bn in trade with Africa in near future

Economy 14.03.2018 | 11:42

MINSK, 14 March (BelTA) – Belarus may reach $3 billion in trade with the African continent in the near future, Head of the Belarus President Property Management Directorate Viktor Sheiman said in an interview to Belarus 1 TV Channel on 13 March, BelTA informs.

“Taking into account the arrangements we have reached with southern Africa alone, I can say that the trade with the region will reach no less than $2.5 billion. If we add Sudan, Egypt, other countries, Equatorial Guinea, the target of $3 billion in trade is attainable,” Viktor Sheiman said.

In his words, Belarus is looking for new markets for its products, and the countries on the African continent are of particular significance. “Beside, they have a high regard for us. They remember the Soviet Union and the relations that they had back then. Many of the African heads of state received education in the Soviet Union. Based on this, they are trying to build partnership relations with those who they know and who they trust,” Viktor Sheiman said.

“Africa is interesting because it has a lot of minerals that we need for our industry and economy. They also have great human resources. In addition to the supply of our equipment we can set up joint ventures there. We can also work in the transport, energy and agriculture sectors. All these topics are relevant, and we can engage in the projects in these sectors on the African continent,” he said.

When asked about the solvency of partners in Africa, Viktor Sheiman said: “Nobody is going to cooperate for free. Economy comes first. When they have no money, they are willing to pay in mineral resources, which we are okay with.”

Print version
More about Economy
Latest news
Great British Festival in Minsk
Yesterday 00:08 In Pictures
All news
Weather
Minsk
Baranovichi
Bobruisk
Borisov
Brest
Warsaw
Vilnius
Vitebsk
Gomel
Grodno
Zhlobin
Kiev
Lida
Minsk
Mogilev
Mozyr
Moscow
Orsha
Polotsk
Riga
Saint Petersburg
Soligorsk
Day +24..+26°C Sun and clouds
Night +20..+22°C Sun and clouds