Investments in Great Stone industrial park over $20m in H1 2021

 Belarus, China discuss establishment of joint ventures

In January-June 2021 the export of Belarusian agricultural products to China increased by 1.5 times in comparison with H1 2020 and reached $156 million. The figures were mentioned as Belarusian Agriculture and Food Minister Ivan Krupko met with Ambassador Extraordinary and Plenipotentiary of Belarus to China Yuri Senko

Speaking about the plans to transform the Belarusian state food industry concern Belgospishcheprom into a state corporation, the deputy prime minister said: “This issue has been discussed for a long time already. Times are changing and we also need to transform to be more successful and efficient

According to the diplomat, the Year of Regions envisages over 100 events, not only in the economic sector, but also in science and technology, education, healthcare and other areas.

The potential for the development of electronic exchange trade between Belarus and China became the central theme of the presentation of the Belarusian Universal Commodity Exchange (BUCE) at the international online forum on trade and economic cooperation held as part of the China-Eurasia Expo

The relations between Belarus and China have been rapidly expanding, Belarus' Deputy Economy Minister Anzhelika Nikitina said at the opening ceremony of the Belarus-China Year of Regions at the Belarusian Ministry of Foreign Affairs on 26 August

The agreement to hold the Year of the Regions was reached during a telephone conversation between Belarusian President Aleksandr Lukashenko and President of the People's Republic of China Xi Jinping in January.

Belarus-China relations will soon get the status of ‘iron brotherhood, exemplary all-round strategic cooperation and all-weather partnership'.

The documents to purchase the vaccine have been approved. The ministries of foreign affairs and the embassies of the two countries actively helped the Healthcare Ministry of Belarus to formalize the purchase.

The two countries successfully cooperate within the framework of international organizations providing support to each other on key issues.

The Transport and Communications Ministry intends to borrow money from the Eurasian Development Bank (EDB) and the Export-Import Bank of China for the sake of reconstructing Belarusian motorways

Yuri Senko also added that the meeting between the business community and heads of Belarusian diplomatic missions held by the Belarusian Chamber of Commerce and Industry in Minsk on 22 July was productive.

The ambassador added that negotiations are currently underway with three Chinese companies that produce vaccines. “We hope that a decision will be made soon on the production of vaccines jointly with China on the territory of Belarus,” he said.

The company will design and mass produce high-tech data processing and storage devices, including servers, monitors, printers and software and hardware systems

The new resident company was registered in the China-Belarus Industrial Park Great Stone as the Sino-Belarusian Eurasian Academy LLC (China). The company will do research in the field of complex systems and artificial intelligence, will develop unmanned autonomous control technology

The participants of the meeting outlined further steps to develop cooperation with China, build a logistics chain of delivery, and increase exports of agricultural products of the EAEU states by rail transport.

Director General of the Chinese company, Zhan Yanjun, stated his intention to invest in the Belarusian timber processing industry and develop his business in Belarus during his visit to the BUCE head office.

“China knows Belarus, Belarusian products and goods. China buys them eagerly. Sometimes Belarusian exporters are weary of long logistics, difficulty with delivery, mutual settlements,” said Ambassador Yuri Senko. “But the enterprises that have built relations with Chinese partners are increasing volumes. We see this in the statistics and provide every assistance to make sure the trade grows even faster."

Minsk strongly supports Beijing in matters concerning its main interests and is always on the side of Beijing, Nikolai Snopkov said. Minsk is also ready to jointly counteract the actions taken in the spirit of “pseudo-multilateralism” to split the world. Minsk is ready to actively promote the formation of a community of common destiny for mankind, Nikolai Snopkov stressed.

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Ministry of Foreign Affairs of the Republic of Belarus