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Economy
26 June 2020, 16:53

Belarus' services export to Israel soars by 66.3% in January-April 2020

Archive photo
Archive photo

MINSK, 26 June (BelTA) – Belarus' services export to Israel surged by 66.3% in January-April 2020 year-on-year, BelTA learned from the website of the Belarusian Communications and Informatization Ministry following an intersessional meeting of the Belarusian part of the joint Belarusian-Israeli committee on trade and economic cooperation.

The meeting was chaired by Communications and Informatization Minister Konstantin Shulgan. The meeting focused on important export-related matters and ways to increase shipments to Israel. The participants analyzed the performance in January-April 2020. Belarus expanded foreign trade in services and services export, However, Belarus' merchandise export and trade with Israel declined.

“The total trade in services with Israel in January-April 2020 came at $22.5 million (147% as against the same period of 2019). Services export amounted to $19.7 million (166.3%). Computer, telecommunication, and information services accounted for over 67% of the total services export to Israel. In January-April 2020, the surplus of foreign trade in goods and services with Israel amounted to $29.2 million, up by $5.8 million year-on-year,” the ministry said.

The participants of the session drew up a protocol that sets forth measures to expand the range of exports and increase supplies of Belarusian industrial products, machines, agricultural and food products to Israel. Plans are also in place to boost export of tourist, educational, healthcare, and sports services and step up efforts to implement joint investment projects, including those that provide for collection and neutralization of waste from synthetic and mineral oils in Belarus.

The next session of the joint Belarusian-Israeli committee on trade and economic cooperation will take place in Minsk in Q1 2020.

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