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10 June 2022, 15:06

Opinion: Pressure of sanctions can be overcome through tighter manufacturing cooperation

MINSK, 10 June (BelTA) – Complications due to the refusal of foreign manufacturers to supply components can be overcome, provided manufacturing cooperation develops, BelTA learned from Belarusian Deputy Industry Minister Aleksei Kozlov.

A roundtable session to discuss the main directions of development of agricultural machine building for the sake of ensuring macroeconomic stability of the Eurasian Economic Union member states has been held for representatives of the EAEU member states within the framework of Belagro 2022's Belarusian Agribusiness Week.

Top executives of Belarusian and Russian industrial giants took part in it, including representatives of Peterburgsky Traktorny Zavod (Kirovets trademark), MTZ, Rostselmash, Gomselmash, Lidagroprommash, Lidselmash, and Bobruiskagromash. Deputy Director of the Industrial Policy Department of the Eurasian Economic Commission Nikolai Rogozhnik moderated the discussion.

In his welcome address Belarusian Deputy Industry Minister Aleksei Kozlov noted that after satisfying the domestic demand for agricultural machines the main task for Belarus now is to satisfy needs of the national markets of the Eurasian Economic Union member states and prevent a decrease in output figures.

“The crisis caused by the refusal of foreign manufacturers to supply components can be overcome, provided manufacturing cooperation develops,” the official stressed.

For example, OAO Gomselmash needs over 9,000 titles of raw materials and components from third parties to secure the annual targeted output of agricultural machines. Contracts have been signed and are in effect with over 600 main suppliers, 59% of them are residents of Belarus, 21% -- Russia, and 20% -- other countries. MTZ, Gomselmash, and Peterburgsky Traktorny Zavod signed organizational documents to establish a union of industrialists titled as Progress within the framework of a Belarusian-Russian business forum in St Petersburg on 30 March 2022.

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