Business news
Belarus to export equipment to Cuba in exchange for medications
MINSK, 25 March (BelTA) – Belarus will export farm and automobile equipment to Cuba and import medications from this country. This is envisaged in decree No. 133 “Concerning the implementation of the international agreement” of 23 March 2015 published on the National Legal Internet Portal on 25 March, BelTA has learned.
In accordance with the decree, the state-run trade and manufacturing association Belresursy – management company of Belresursy Holing Company purchases medications made by Cuban pharmaceutical companies, exports farm and automobile equipment, spare parts produced by Minsk Automobile Plant - management company of Belavtomaz Holing Company and Minsk Tractor Works to Cuban companies. Revenues from the export to Cuba will be used to pay for medications.
Unpacked medical substances are bought for the Belarusian company Belmedpreparaty for further packaging and sale. Finished dosage forms are purchased for the company Belpharmatsiya for storage and sale. A special permission or license will not be required to import these products.
The decree aims to facilitate the implementation of the agreement on mutual supplies between the governments of Belarus and Cuba as of 24 June 2014. The Council of Ministers has been instructed to inform the Eurasian Economic Commission, the governments of Armenia, Kazakhstan and the Russian Federation about the signing of the decree. The State Control Committee will supervise the implementation of the official document.
Decree No. 133 will be operational within two years after it enters into force.
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