Belarus, China to expand investment cooperation in agribusiness

13 June 2012

MINSK (BelTA) – Belarus and China have plans to boost investment cooperation in agribusiness, BelTA learnt from the press service of the Agriculture and Food Ministry of Belarus.

The ministry held a meeting with a delegation of the Agriculture Ministry of China led by Deputy Minister Niu Dun on 13 June. Acting Agriculture and Food Minister of Belarus Leonid Marinich and Deputy Agriculture Minister of China Niu Dun discussed ways to step up the bilateral cooperation in agribusiness. “The two countries confirmed their determination to expand investment cooperation,” the press service informed.

Cooperation in the fishing industry is of special interest for Belarus. The two countries might set up joint ventures producing fish, especially valuable species of fish, and combined fodder. They could also cooperate in the processing of freshwater fish and exchange the stock of carp species. Other promising cooperation avenues include production and processing of milk and pig breeding.

The two parties emphasized the need to increase trade in agricultural produce. Belarus is ready to expand the exports of foodstuffs to China, first of all, the supplies of dairy products, and asked Chinese counterparts to help find reliable foreign trade agents.

Niu Dun voiced the interest of the Chinese Agriculture Ministry in joint projects in research and personnel training, and production of farm machines.

Leonid Marinich and Niu Dun stated that a clear-cut data exchange and an adequate legal framework are needed to forge new ties and ramp up cooperation between the ministries and businessmen of the two countries. Therefore, a memorandum of understanding aimed to expand contacts in agribusiness was signed by the Ministry of Agriculture and Food of Belarus and the Agriculture Ministry of China.

The document envisages closer cooperation in agricultural production, research projects, exchange of information related to monitoring and prevention of diseases of animals and veterinary research. The parties will collaborate in personnel training and run internship programs.

A working group consisting of Belarusian and Chinese specialists will be set up soon to work out specific cooperation proposals.

Ministry of Foreign Affairs of the Republic of Belarus