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Economy
28 February 2020, 19:26

Belarus seeks tighter cooperation with China in trade, investments

MINSK, 28 February (BelTA) – Prospects of cooperation with China were sketched out by Belarusian Economy Minister Aleksandr Chervyakov at an expanded-participation session of the ministry's board, BelTA has learned.

The official said: “As for China, last year we saw a 38% increase in export but also stagnation in investments coming from China. Cooperation with China remains a priority. Work will be focused on such areas as the removal of trade barriers and the signing of an intergovernmental agreement with China on free trade in services and on investments.”

The economy minister also noted that every government agency and every region of Belarus should work on ways to export products to China taking into account the market's peculiarities. “It is time to start trading on their electronic platforms,” Aleksandr Chervyakov pointed out.

According to Aleksandr Chervyakov, it is necessary to step up efforts at the local level in order to encourage the Chinese private sector to implement joint projects. “The task to raise $100 million in direct investments from China in every region still stands,” he stressed.

Exploring the full potential of the China-Belarus industrial park Great Stone also looks promising. It is necessary for the resident companies to start their manufacturing business. It is also necessary to step up the volume of financial and business operations and rebrand the park into an international ecocity.

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