Belarus-China business meeting
11 April 2018

The prospects of trade and economic cooperation of the Belarusian and Chinese businessmen were high on the agenda of the Belarus-China business meeting that was held in Minsk by the Belarusian Chamber of Commerce and Industry in cooperation with the China's Council for the Promotion of South-South Cooperation and the Embassy of China in Belarus.

The event was attended by the Chairman of the BelCCI Vladimir Ulakhovich, the Chairman of the China's Council for the Promotion of South-South Cooperation Lu Xinhua, the Ambassador Extraordinary and Plenipotentiary of China to Belarus Cui Qiming, more than 200 businessmen from the two sides.

In his speech during the business meeting Vladimir Ulakhovich stated that the Belarusian side sets a high value on the advancement of cooperation with China across the board. Last year the Belarusian Chamber of Commerce and Industry facilitated the organization of 62 business meetings with representatives of the People's Republic of China.

According to the BelCCI Chairman, Belarus-China trade and economic cooperation is rather large and exceeds $3 billion. Vladimir Ulakhovich noted that bilateral interaction has advanced most vigorously in woodworking, dairy industry, and information technologies last year. Cooperation within the framework of the Great Stone China-Belarus industrial park is important.

Meanwhile, Vladimir Ulakhovich noted it is necessary to think about ways to balance the import and export portfolio of the two countries.

In turn, Chairman of China's Council for the Promotion of South-South Cooperation Lu Xinhua stressed strong interest in cooperation with Belarus.

He noted that the current level of Belarus-China relations is very high while interaction between the two countries advances vigorously, partially due to the top-level agreements that make a good platform for trade and economic cooperation.

The CPSSC Chairman also drew attention to the operation of the Great Stone industrial park. He was convinced that the largest companies from China, Europe, and America will be part of the park's operation.

The official part of the forum was followed by B2B negotiations. The Belarusian and Chinese businessmen discussed trade and economic relations in the following fields: banking, finance, IT, electric equipment production, environment protection, water and waste treatment, pharmaceutical production and the manufacture of medical equipment, light industry, education and professional training, real estate, agriculture, the production of glasses and contact lenses, consulting, etc.

The BelCCI Chairman Vladimir Ulakhovich and the Chairman of the CPSSC Lu Xinhua negotiated further joint activities, as well as the possibility to sign a memorandum of cooperation between the two organizations.

Based on BelTA

*Photo BelTA