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10 Nov 2017

Belarus invites Romania to intensify investment cooperation

MINSK, 10 November (BelTA) - Chairman of the Upper House of the Belarusian Parliament Mikhail Myasnikovich urged to intensify investment cooperation between Belarus and Romania and set up joint companies as he met with Romanian Minister of Foreign Affairs Teodor-Viorel Melescanu in Minsk on 9 November, BelTA has learned.

According to the speaker, the two countries need to expand the legal framework of bilateral cooperation. “it includes 12 interstate, intergovernmental agreements and about 40 second-level agreements,” Mikhail Myasnikovich stated. He drew attention to the fact that the Romanian side is considering six documents, one of which is particularly important. It is the protocol to the agreement on mutual investment protection. “If we are talking about large-scale cooperation, then, first of all, it is investment, and this document is really needed if we want to facilitate investments and to ensure their legal protection,” Mikhail Myasnikovich said.

Other documents that need to be considered includes the agreements in the field of higher education, tourism, emergency prevention, culture, and on cooperation in customs affairs. Mikhail Myasnikovich urged to complete the domestic procedures on these documents as soon as possible.

With regard to the Belarusian-Romanian annual trade, the speaker said that it is very modest. But there is a potential to boost it. There is also a need to continue to work towards the establishment of joint ventures, especially in the area of industrial cooperation. “We could stimulate the development of joint companies, given that we are working very actively within the framework of the Eurasian Economic Union. It might be interesting for your country,” the speaker said.

Mikhail Myasnikovich also assured that the Belarusian side is ready to create the necessary conditions for the development of contacts on the interparliamentary level and within the framework of international organizations. The speaker recalled that a meeting of the Parliamentary Assembly of the Central European Initiative will be held on 28 November and invited a Romanian delegation to participate in this event. “It would be an honor for us to host both speakers,” he added.


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