Myasnikovich: Business cooperation between Belarus and China is promising

22 January 2014

SHENZHEN (BelTA) - Cooperation of Belarusian and Chinese business has great prospects, Belarusian Prime Minister Mikhail Myasnikovich said when meeting with representatives of business community of Shenzhen (Guangdong) on 22 January, BelTA has learnt.

According to the Belarusian head of government, the economic policies of the two countries are very similar, which brings partners closer and more understandable for each other.

With regard to Belarus the Premier noted that the government pays careful attention both to the public and private sectors, ensures the protection of property rights and openness to foreign investors. "In recent years, Belarus has raised about $50 billion in foreign direct investment, including $195 million from China,” said the Belarusian Prime Minister. The Prime Minister urged the Chinese business to be more active on the Belarusian market. Mikhail Myasnikovich told the representatives of the business community about the main benefits of doing business in Belarus.

First of all these include the tax-free regime, simplified customs procedures for the residents of the Chinese-Belarusian Industrial Park, legal guarantees of property protection. "Belarus applies the preferential treatment not only in the Chinese-Belarusian Industrial Park but also in small towns and rural areas," said Mikhail Myasnikovich. In addition, the labor force in Belarus is skilled and cheap. Cooperation with Belarus gives an opportunity to access European markets and the Customs Union.

The recently signed road map for development of bilateral relations between Belarus and China also creates new opportunities for Chinese companies, according to the Prime Minister. Moreover, some experience has been gained already. Today, China is home to Belarusian-Chinese companies producing agricultural and automotive equipment.

Mikhail Myasnikovich sees great potential in bringing together IT and communications business of the two countries. "We can create a strong cluster which will successfully position itself in the market of information and communication services and equipment for telecommunications," said the head of government. He expressed confidence that business cooperation, development of competitive joint ventures will be mutually beneficial. "Such cooperation is very promising," said Mikhail Myasnikovich.

Belarus’ Deputy Economy Minister Anton Kudasov said that the countries of the European region compete with each other to attract Chinese capital and business. "The world economy poses new challenges but also opens up new opportunities for the region of Europe. These challenges are due to the fact that in the next two to three years most of the countries of our region will grow more slowly than the world economy as a whole. Therefore the countries with the best access to geographical, political sales markets and having the most innovative economic potential will win this competition,” he said. Belarus is this kind of country to China, said Anton Kudasov.

Ministry of Foreign Affairs of the Republic of Belarus