The Chinese guests were particularly interested in figures reflecting the BUCE trade with Chinese companies, especially those concerning export of timber products, agricultural products (mainly beef and poultry), logistics potential, mechanisms of setting prices at the exchange, and statistical and analytical information about trading at the BUCE

On behalf of the Chinese embassy in Belarus and the Chinese Ministry of Culture and Tourism, Cui Qiming thanked representatives of various Belarusian agencies for their enormous contribution to the development of cooperation in all areas.

For example, a site near the airport (around 850ha) was allotted to a railway station. The development company is already constructing access railroads for freight traffic and setting up a company to build the station. Geodesic exploration of the site is also underway

“We don't have such rapid development even with our neighbors,” Yelena Perminova stressed. “China has become our third trade and economic partner. Foreign direct investments from this country have increased by 200 times over the last ten years.”

Belarus ships goods to China mainly by sea, but aims to increase shipments by rail. Since late 2018, Belarus has sent eight container trains laden with Belarusian dairy products to China. The countries are negotiating supplying Belarusian beef and poultry to China via the Silk Road railway

The forum's organization and other things were discussed as Ambassador Extraordinary and Plenipotentiary of Belarus to China Kirill Rudy met with Deputy Secretary General of the China Association of Trade in Services (CATIS) Tian Guofeng on 22 August

The Belarusian National Pavilion will open in the free economic zone of Chengdu, Sichuan Province in November 2019. Nearby are two biggest markets of Western China and a railway terminal where trains from Belarus come. Mir Castle has been chosen as a design for the Belarusian pavilion which will serve as a permanent exhibiting platform for Belarusian companies

Valery Matsel informed Wang Hongwei about the way Belarusian enterprises and organizations are gearing up for such a large-scale event

In Q1 2019, the region raised more than $70 million in foreign investments. Of them more than $37 millions were direct investments from China, with $17 millions on a net basis.

In order to facilitate the sale of Belarusian products on the Chinese market, Belarus is going to set up a national pavilion in the expo complex of the corporation in Shanghai and to open a restaurant of Belarusian cuisine

The matter was discussed at the meeting of Belarus' Consul General in Shanghai Valery Matsel with top executives of Jiangsu-based companies JOC and Suguo Supermarket. 

As of today, Belarus operates two general consulates in China: one is located in Guangzhou and the other in Shanghai.

 

“The mutual recognition will give a number of preferences to the economic operators having a respective status. One of such preferences is fast customs clearance, including customs procedures related to the issue of goods and customs control,” the State Customs Committee informed

The memorandum provides for the creation of the Belarusian-Chinese initiative to service the capital market: sharing exchange trade information, implementing joint research projects and other activities aimed at the development and support of organized securities markets in each country

Belarusian diplomats and representatives of Shanghai Sinochain have discussed the prospects of shipping food products by Belarusian enterprises (beef, poultry, dairy products), as well as timber and chemical products to the Chinese market

Belarus will have to pay in total approximately $3.2 billion in 2019 to take care of the country’s the external public debt, including $1.1bn in debt service payments and another $2.1bn in principal debt payments

“The R&D centre is expected to become a research base for attracting local talent in the field of artificial intelligence and for cooperation with local research institutions,” the ZhuiYi official told PrimePress

“There are projects related to the potash industry, mechanical engineering, as well as petrochemical projects. In addition, there are certain resources of up to $100 million, which were allocated for the development of small and medium-sized enterprises," Yegorov said

The plant will be construction on a land plot of 3.3 ha. This is a co-financed project, with 70% of the funds provided by China and the remaining 30% by Belarus. The launch is scheduled for 2021

The official said: “Nearly $500 million from all kinds of sources has already been invested in the project. I am talking about shareholders, investors, budgets of the governments, loans, and technical aid. The park is home to 44 resident companies. Another 11 residents will be added today. They represent billions of U.S. dollars in declared investments and 354ha of the explored starting area.”

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