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Need for balance in Belarus' foreign trade emphasized

Politics 07.02.2018 | 18:14
Photo courtesy of the Belarusian Ministry of Foreign Affairs
Photo courtesy of the Belarusian Ministry of Foreign Affairs

MINSK, 7 February (BelTA) – Belarusian Prime Minister Andrei Kobyakov paid special attention to the achievement of balance in foreign trade and the accomplishment of export-related tasks by Belarus' diplomatic missions abroad at a wrap-up session at the Belarusian Ministry of Foreign Affairs, BelTA learned from the ministry.

The PM spoke about collecting overdue accounts receivable and protecting the interests of Belarusian manufacturers in the EAEU and during Belarus' WTO accession negotiations. Andrei Kobyakov also touched upon the diversification of exports and export destinations, and also ways to increase the share of high-technology products in the exports.

He emphasized the potential to boost and diversify the exports by means of promoting the goods and services of Belarusian SMEs on foreign markets. These goals can be achieved using the opportunities created by ordinance No.7 on entrepreneurship development and ordinance No.8 on digital economy development signed by the Belarus president in late 2017, he said.

Belarusian Minister of Foreign Affairs Vladimir Makei commended the performance of the ministry in 2017. He outlined the ways to fulfill the tasks set by the head of state. Vladimir Makei analyzed all the key issues in trade and economic cooperation with foreign countries. The official drew special attention the expansion of export support instruments by means of assisting exporters with participation in special exhibitions and certification on foreign markets.

As for Russia, the EAEU, and the CIS, the focus was on the need to gradually intensify economic integration with the help of common policies in industry, agriculture, energy, transport, and other sectors. It was noted that the states participating in the economic integration processes are increasingly interested in setting up modern joint manufacturing facilities with joint management, technology transfer and joint export promotion in third countries.

On the European track, the minister of foreign affairs stressed the need for improving the export structure shifting the focus towards high-tech products with a high added value. The minister also suggested taking additional efforts to promote Belarusian agricultural products, textiles and clothing on the EU market.

Belarus' ambassadors to Kazakhstan, Lithuania, the UAE and Russia spoke of the specific aspects of foreign economic activity and outlined the reserves that can be tapped to boost exports and expand investment cooperation in relation to specific countries.

The heads of the National Center for Marketing and Price Study and the Belarusian Chamber of Commerce and Industry suggested new opportunities to promote Belarusian goods and services using the experience and resources of these organizations.

The visa policy and its impact on the economic interaction of Belarus with other countries was also on the agenda of the meeting.

In 2018 the Belarusian ministry of foreign affairs and the country's establishments abroad will be working to derive the most benefits from Belarus' membership in the interstate economic associations,to promote the integration of the domestic economy into the international trading system on the balanced terms profitable for the country and to remove the existing barriers and prevent the emergence of new ones in the trade in goods and services of Belarusian enterprises in foreign markets.

In collaboration with other stakeholders, steps will be taken to improve the structure of foreign trade in services and to step up th eexports of tourist, educational, healthcare and other services.

The meeting was attended by representatives of the Belarus President Administration, the Council of Ministers and the National Assembly, the heads of a number of government bodies, export promotion organizations, and major Belarusian exporters.

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