Business news

Snopkov: Technology transfer pushes value of Belarus-China agreements into billions

An archive photo

 BEIJING, 2 September (BelTA) – The Belarus-China agreements, which include the transfer of valuable technology, are worth billions of dollars, Belarus’ First Deputy Prime Minister Nikolai Snopkov told journalists in Beijing, BelTA reports.

According to Nikolai Snopkov, the Belarusian president not only sets objectives but also leads by example, as demonstrated by the effectiveness of his foreign visits. For instance, the meetings during his June visit to Beijing have already yielded tangible results: a series of specific investment projects totaling approximately $130 million have been signed.

Nikolai Snopkov noted that this amount does not take into account the cost of the technologies that China transfers to Belarus, and the cost of their development is quite high. “For context, one of the companies that has signed an agreement with us today invests $2 billion annually in R&D. This scale of investment clearly indicates the significant value of the projects we have just finalized,” said the first deputy prime minister.

First of all, this pertains to technologies in mechanical engineering, automotive industry, and agricultural production. 

print version

make home page

add to bookmarks