Business news

MINSK, 12 April (BelTA) – The resident companies are ready to invest $500 million in projects in the Belarus-China industrial park Great Stone, BelTA learned from the website of the Belarusian Economy Ministry.

As of 11 April 2018, there were 31 resident companies in the industrial park with the total volume of investment pledges around $500 million. Three companies have started the construction, another ten are now conducting survey and design works.

Belarus-China cooperation was discussed at the Economy Ministry which hosted a session of the Belarusian part of the commission on trade and economic cooperation under the Belarusian-Chinese Intergovernmental Committee for Cooperation. The meeting participants talked about investment cooperation, ways to boost bilateral trade, and launch joint projects. They also agreed on a common position on separate topical issues. The sides stressed the need to intensify cooperation between the regions.

The Belarusian part of the working group on the Belarus-China industrial park also had a meeting during the session. They reviewed the performance of the existing resident companies, the measures to attract new ones and set up a one-stop service center and a digital system to provide one-stop services, and the progress achieved in the establishment of a bonded area in the Great Stone industrial park.