Business news

MINSK, 21 June (BelTA) – The Minsk office of the Belarusian Chamber of Commerce and Industry (BelCCI) will sign an agreement on cooperation with the China Council for the Promotion of International Trade and the Beijing Association for Trade in Services, Director General of the Minsk office of the BelCCI Alexander Fedorchuk said ahead of the Minsk-Beijing business forum and a business matchmaking session between Belarusian and Chinese companies on 21 June, BelTA has learned.

The business forum will be held for the first time with the participation of the China Council for the Promotion of International Trade. “We are planning to sign an agreement with the committee. We hope the document will have its application. An agreement will also be signed with the Beijing Association for Trade in Services. We hope it will add a new impetus to mutual relations in the area,” he noted.

The Chinese delegation will comprise representatives of 19 companies interested in establishing and expanding business ties with Belarusian companies in the areas of energy, food industry, agriculture, medicine. The Beijing Energy Holding Company shows interest in developing cooperation in the electric power industry and heat energy, the exchange of technologies. The Beijing Agricultural Products Logistics Center is showing interest in the import of agricultural products.

On behalf of Belarus the business forum and the business matchmaking session are attended by about 50 Minsk companies.

The development of relations with China is one of the priorities of Belarus’ foreign policy. In January-February 2017 the trade between Belarus and China Mainland amounted to $431,005 million, an increase of 31% from the same period of last year. Cooperation in the investment field is a promising area for the strengthening of the bilateral cooperation.