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17 January 2023, 12:33

Belarus, Russia to sign agreement on common industrial policy soon

Photo courtesy of the Belarusian Embassy in Russia
Photo courtesy of the Belarusian Embassy in Russia

MOSCOW, 17 January (BelTA) - Belarus and Russia will sign an intergovernmental agreement on a common industrial policy soon. The agreement on this was reached at a meeting between Belarusian Deputy Prime Minister Piotr Parkhomchik and Deputy Prime Minister - Minister of Industry and Trade of Russia Denis Manturov on 16 January, BelTA learned from the press service of the Belarusian Embassy in Russia.

The meeting was also attended by Ambassador of Belarus to Russia Dmitry Krutoi and Belarusian Industry Minister Aleksandr Rogozhnik.

"During the talks, the parties noted with satisfaction that last year the trade between Belarus and Russia reached $50 billion, which was a record high. The main focus was on industrial cooperation between the two countries. Approaches to the promising import-substituting investment projects to manufacture various products were detailed," the embassy said.

"The parties reviewed the positions on the production and sale of tractors and harvesters in the Union State market. Particular attention was paid to the interaction of business entities of the two countries in light and chemical industries. The parties also spelled our specific measures to step up mutual trade," the press service added.

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