Business news

MINSK, 29 November (BelTA) – Belarus-Kazakhstan business forum has brought together around 400 participants, Chairman of the Belarusian Chamber of Commerce and Industry Vladimir Ulakhovich told the media on 29 November, BelTA has learned.

“We meet quite frequently. Three months ago Astana hosted the Made in Belarus expo and a business forum which was attended by the prime ministers. Today’s forum is unique, being the largest one in our history. It has drawn together over 400 participants. It is essential that the event is taking place during the visit of Kazakhstan President Nursultan Nazarbayev to Belarus. This is a very important sign for business. This is both support and great responsibility,” Vladimir Ulakhovich remarked.

The forum comprises an exhibition which showcases over 100 cutting-edge developments of 55 Belarusian companies. The latest products of Belarus’ mechanical engineering are demonstrated at the open space. Another draw of the forum will be a business matchmaking event which is expected to result in big contracts.

Speaking about the bilateral trade, Vladimir Ulakhovich noted that the countries expect to reach the $1 billion psychological mark soon. “The leaders of both countries support cooperation, projects, and business contacts. In my opinion, this is what will bring results very soon. We hope to hit this mark at the first stage and keep moving on,” Vladimir Ulakhovich said.

In his words, the future of bilateral relations belongs to cooperation. “We should be establishing joint ventures and selling products not only into our markets in the EAEU but also into third countries,” Vladimir Ulakhovich summarized.

Chairman of Kazakhstan’s Chamber of Commerce Ayan Yerenov stressed the successful operation of joint assembly plants. “Belarusian and Kazakh businessmen are interested in working together, both in export and import,” he added.