The opening of the trade and economic mission of the business circles of Kazakhstan in Belarus

Date: 02 March 2020

The Chairman of the Belarusian Chamber of Commerce and Industry Vladimir Ulakhovich took part in the opening of the trade and economic mission of the business circles of the Republic of Kazakhstan in the Republic of Belarus.

The trade and economic mission is headed by the Vice-Minister of Trade and Integration of the Republic of Kazakhstan Kairat Torebayev. Participating in the mission are the Chairman of the Board of the Foreign Trade Chamber of Kazakhstan Ayan Erenov, representatives of mechanical engineering, forestry and textile industries as well as producers of foodstuffs. The opening of the mission was attended by the Ambassador Extraordinary and Plenipotentiary of Kazakhstan to Belarus Askar Beysenbayev.

As he addressed the participants, Vladimir Ulakhovich noted that Belarus-Kazakhstan trade can exceed $1 billion in 2020. According to him, there are a number of untapped niches, including food production, logistics, petrochemistry, woodworking, cooperation in the development of innovative technologies, and other areas.

Besides, the BelCCI Chairman underlined the trend for the enhancement of production cooperation between the two countries, the increase in the number of joint ventures, distribution network entities and assembly facilities of Belarusian companies in Kazakhstan. "We are growing in this regard, and this is a very important trend. Because joint ventures are joint activities, not just trade. Industrial cooperation can provide a different level of cooperation and other indicators of trade," Vladimir Ulakhovich stressed.

The participants discussed the prospects for Belarus-Kazakhstan cooperation development, possible joint projects. Cooperation agreements were signed between Belarusian and Kazakhstani companies.

The plenary part of the event was followed by a business matchmaking session, where about 100 representatives of Belarusian and Kazakhstani enterprises and organizations negotiated specific projects in different fields.

Based on BelTA