Industry seen as most promising avenue of Belarus-China cooperation

MINSK, 22 March (BelTA) – Manufacturing is one of the most promising avenues of business cooperation between Belarus and China, Deputy Economy Minister Alesya Abramenko said in an interview with BelTA.

“The industrial authorities of the two countries have recently drafted and signed a comprehensive joint industrial development strategy that provides for incentives for Belarusian and Chinese enterprises to intensify and scale up their technological cooperation,” Alesya Abramenko said.

A roadmap was drafted to elaborate on this strategy. It lists specific projects and initiatives. “There are plans to create joint ventures in China, use Chinese technologies and competencies to upgrade Belarusian production facilities and attract Chinese investments to implement projects in Belarus. Special attention will be paid to expanding cooperation with Chinese suppliers of technological equipment (component parts, raw materials) for mechanical engineering, woodworking, pulp and paper industry and chemical industry,” she said.

Cooperation in science and technology is another key avenue of cooperation. “A series of events of the Year of Regions of Belarus and China will be dedicated to this kind of cooperation. It is important to note that a quarter of projects run by resident companies of the China-Belarus Industrial Park Great Stone are R&D projects. The China-Belarus innovation center for industrialization of scientific and technological achievements also operates there. This is a multipurpose platform to promote innovative entrepreneurship, to set up research laboratories, start-up incubators and accelerators, testing centers and small-scale production facilities,” the deputy minister said.