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Belarus’ investment promotion agency seeks to deepen cooperation with BRICS nations

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MINSK, 2 August (BelTA) – The National Agency of Investment and Privatization (NAIP) of Belarus will support investment initiatives of businesses from the BRICS countries, as well as help them launch businesses in Belarus, NAIP told BelTA following a webinar organized jointly with the BRICS Chamber of Commerce and Industry.

NAIP Director Dmitry Krasovsky spoke in detail about the activities of the agency and its international operations. Belarus’ economic sectors that drew the biggest amount of investments were agriculture, IT and consulting. “In recent years, we have raised more than $130 million in investments. This does not look like a huge amount, but if we look at the budget of the agency, we will see that every dollar invested by the state into the agency generates about $60 of foreign investment,” Dmitry Krasovsky emphasized. According to him, NAIP uses the one-stop-shop approach for all foreign investors interested in Belarus, providing them with all the necessary assistance.

All in all, more than fifty participants from various countries (not only the BRICS member states) registered for the webinar: India, Brazil, the United Arab Emirates, the Netherlands, the USA, Colombia, and Singapore. About half of them were representatives of the real sector of the economy, company heads and managers.

The BRICS Chamber of Commerce and Industry is a parent organization that promotes commerce and industry in the BRICS nations. Founded in 2012 with the efforts of eminent professionals and entrepreneurs, the Chamber is a not-for-profit and non-governmental organization. The BRICS Chamber of Commerce and Industry is a registered body under Societies Registration Act 1860, Government of India, and is recognized by the United Nations.

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