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12 June 2024, 11:17

Belarus, Cuba map out steps to increase trade

MINSK, 12 June (BelTA) - Belarus and Cuba are set to increase mutual supplies, Belarusian Deputy Minister of Foreign Affairs Evgeny Shestakov said at the outcome meeting of the Belarusian-Cuban joint commission on trade and economic cooperation in Minsk on 12 June, BelTA has learned. 

The commission worked in Minsk for several days. According to Evgeny Shestakov, the parties discussed the main issues of the development of relations, updated plans and identified the most promising projects that could be implemented as quickly as possible. 

Following the meeting, the parties prepared a protocol for an intergovernmental agreement on mutual supplies. The document sets a new bar for trade - up to $15 million for each party within 5 years. The figure seems small, but in fact it is an ambitious task, given that for 10 years of work under this mechanism, the trade was still small.
"We very much hope that the mechanism will help us increase trade between the countries in the face of growing sanctions," Evgeny Shestakov said.

According to him, important agreements have been reached in the banking sector, manufacturing industry, pharmaceuticals, science and technology. For example, the meeting discussed the supply of Belarusian milk powder to Cuba and the organization of joint tractor, dairy and pharmaceutical production. 

Belarus and Cuba expect that all the agreements will be formalized during the upcoming visit of Belarusian Prime Minister Roman Golovchenko to Havana.
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