This requirement is in line with the development of the China-Belarus industrial park,” he noted. According to Hu Zheng, the Great Stone should keep to sustainable development which presupposes balance between scale, quality, and efficiency. “Increasing the scale will lead to blind, excessive investment, unreasonable activities and will upset the balance between supply and demand,” Hu Zheng said

“We have signed a framework agreement with the China Development Bank. Now we are trying to facilitate credit and investment cooperation, which includes a larger-scale form of credit cooperation in the form of non-tied credits of the China Development Bank,” BelTA reports citing Yermolovich as saying.

Since Jan 2019, the BPC and CNAMPGC have been testing deliveries in containers. The development of potash shipments in containers to China represents a promising avenue of business since it creates a higher level of service, the BPC said

“Today we are discussing the issuance of China Union Pay cards, and we will explore the possibility of doing a co-badging project with the participation of Belkart and China Union Pay. We will look into the possibility of an inter-system integration of two payment systems”, Kozhekina said

The official said: “We are now past the stage of building the infrastructure, enabling the conditions, working out some legislation. Now the success of the project hinges primarily on our residents. In the next few years it is unlikely we will be able to register as many new resident companies and we will focus primarily on implementing the already signed projects

“We are currently working on the certification to start delivering vegetables, fruit, flour, honey and dairy feed for cattle to the Chinese market. We are also in talks to add two companies to the list of meat packing plants authorized to export beef to China,” Aleksei Bogdanov said

The Council of Ministers approved the draft additional agreement to the concessional loan agreement on the investment project “Turnkey Construction of Engineering and Transport Infrastructure of the Starting Northern Zone of the China-Belarus Industrial Park”

The memorandum provides for the exchange of information about markets and exchange products in Belarus and China, joint activities, research projects, internships and search for other opportunities for cooperation

According to the head of the Belarusian Chamber of Commerce and Industry, over the past two decades Belarus and China have established relations of trust-based strategic partnership and mutually beneficial cooperation thanks to an active and constructive position of the leaders of the two states

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