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22 Mar 2016

Belarus, Georgia sign agreement on cooperation in science, technology

MINSK, 22 March (BelTA) – The governments of Belarus and Georgia have signed an agreement on cooperation in science and technology. The document was inked during the official visit of Georgian Prime Minister Giorgi Kvirikashvili to Belarus on 22 March, BelTA has learned.

The Belarusian and Georgian Chambers of Commerce and Industry signed an agreement to establish the Belarusian-Georgian Business Council.

The legal framework of bilateral relations comprises 25 international agreements, with 24 of them currently in force. These include documents on the establishment of diplomatic relations, international road transport, the Belarusian-Georgian Commission for Economic Cooperation, and cooperation agreements between the Ministries of Foreign Affairs.

In 2015, the trade between Belarus and Georgia totaled $44.9 million, 69.9% as against 2014. Exports totaled $22.4 million (96.8%), with imports at $22.5 million (54.8%). Belarus had a foreign trade deficit of $112,000.

In 2015 Belarus’ major exports were tobacco, medicines, wooden sleepers, timber, furniture, milk, dry and concentrated cream, tires, electrical transformers, mixed mineral fertilizers, tractors and trucks, pumps, woodworking products.

Belarus imported nuts, vegetables, mineral water, grape wine, hard drinks, ferrous alloys, and oil products.

In January 2016, the trade between the two countries totaled $2,624,900, up by 8.7% from the same period of 2015. Exports increased by 33%, while imports dropped by 20%. Belarus had a foreign trade surplus of $853,300.

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