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29 October 2020, 13:38

Africa viewed as promising long-term partner of Belarus

MINSK, 29 October (BelTA) - Africa is becoming a promising long-term partner of Belarus, Chairman of the Belarusian Chamber of Commerce and Industry (BelCCI) Vladimir Ulakhovich said during an online workshop "Belarus - Africa: a multi-vector economic policy of the Republic of Belarus on the international arena," BelTA has learned.

“Today's event features representatives of 214 Belarusian enterprises and organizations. This is really big and this is not accidental. In view of the current situation, the strategic business development plans, and export promotion targets Africa is our promising and long-term partner. Africa is a treasure trove of natural resources, the most important source of manpower, and a huge untapped market. Naturally, we have some experience of cooperation with this continent, but export diversification and development of foreign economic ties is a strategic and, in many ways, determining goal,” Vladimir Ulakhovich noted.

Dmitry Koltsov, the head of the Africa and Middle East Department at the Ministry of Foreign Affairs of Belarus, believes that this event will contribute to the development of trade and economic ties and export promotion. “ Unfortunately, coronavirus has become a serious challenge for the world. Due to the epidemiological situation we have not been able to organize the event as we hoped. I hope that next June things will change for the better and we will hold this important event as originally planned.”

Dmitry Koltsov stressed that Belarus pays great attention to the development of elations, above all, trade and economic ties, with African countries. “In our opinion, we should focus on increasing mutual trade with African states, diversifying exports, deepening economic and industrial cooperation. It is important for our companies to reach a new level of project cooperation, to build up strong production ties and technological chains. In addition to the traditional export range to the region, Belarusian enterprises should promote scientific, technological and industrial know-hows in the manufacturing industry and agriculture, energy and transport,” Dmitry Koltsov noted.

Belarus' Minister of Antitrust Regulation and Trade Vladimir Koltovich urged participants of the online workshop to advance a project approach, i.e. to implement projects to set up joint ventures and enterprises in Africa, to promote industrial and food products.

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