Business news

According to Mikhail Myasnikovich, Belarus and Bangladesh have been steadily developing political, trade and economic relations. The parties are currently signing an agreement on the supply of nearly 700 Amkodor vehicles worth of $50 million. “We have suggested a profitable financial scheme for both the sides,” he said. “Such big number of vehicles needs the corresponding maintenance. There are agreements with OAO Amkodor to set up a network of service centers in Bangladesh. Bangladesh supports the idea,” the Speaker of the Council of the Republic noted.

“As for the purchase of Belarusian MAZ machinery, we have prepared documents on the right-hand wheel system. It will be mainly machinery for the utilities service of Dhaka, the capital of Bangladesh,” said the Speaker of the Council of the Republic, adding that the preliminary plans include the delivery of nearly 500 vehicles. According to Mikhail Myasnikovich, the parties also discussed tractors of about 9-12 horsepower for farms. If this machinery is in demand in Bangladesh, there is an agreement to set up a joint assembly plant.

In turn, Khandker Mosharraf Hossain stressed that the Belarus-Bangladesh cooperation is still in its infant state and will be developing in the future. The minister hailed the agreement to set up a network of Amkodor service centers.

In January-October 2015 the trade between Belarus and Bangladesh totaled $132.6 million, including the Belarusian exports of $114.6 million.

A working group on cooperation with the Parliament of Bangladesh has been set up at Belarus’ National Assembly of the fifth convocation.