The Belarusian Finance Ministry and the Shanghai branch of the China Development Bank signed the term loan agreement in Shanghai on 16 December. In line with the agreement the Chinese side transferred the loan to the tune of ¥3.5 billion to Belarus on 20 December

Export of Belarusian timber to China via the commodity exchange was in focus of the talks between the BUCE and a business delegation of China on 20 December

The signing ceremony took place following the meeting of Ambassador Extraordinary and Plenipotentiary of Belarus to China Kirill Rudy with Secretary General of the China National Accreditation Service for Conformity Assessment Xiao Jianhua

In January-October 2019, the trade between Belarus and China reached $3.8 billion, up 25.5% year-on-year. The export made up $608.1 million, the import - $3.2 billion.

The loan is not linked to any specific project and can be spent on general purposes, including the repayment and servicing of the public debt, maintenance of gold and foreign currency reserves and promotion of trade between Belarus and China

The delegation was led by Deputy Head of the Sinomach Corporation Regional Center in Belarus Pei Chao. He mentioned plans to step up the company's presence on the Belarusian market. The company is particularly interested in projects to recycle solid municipal waste, long-term social projects, and environmental projects

The press service noted that the visit of the Chinese delegation confirms the sides have established productive cooperation, which contributes to the enabling of favorable conditions for business development while maintaining effective customs oversight over international commercial transactions

The BSU Training Center in Sanya was established in 2018 to prepare Chinese applicants planning to study at the Belarusian State University. Today, about 140 students are trained on the programs of the Belarusian university in the center.

Jurgen Rigterink, in turn, praised EBRD-Belarus contacts which have become more frequent recently. Due to the increasing volume of operations in the EBRD portfolio, Belarus has become one of the most important countries for the bank, he stressed

The new facility of the Swiss partners will enable Belarus to once again asset itself as a country that produces high-tech and competitive goods.

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