Business news

MINSK, 29 April (BelTA) – Belarusian companies should come up with a clear strategy for solidifying their positions on the Asian market and for advancing to the markets of Latin America and Africa. The statement was made by Belarus President Alexander Lukashenko in his address to the nation and the parliament on 29 April, BelTA has learned.

Alexander Lukashenko stressed that the development of mutually beneficial cooperation with countries of Asia, Latin America, Africa, the establishment of the “far arc” of Belarus’ foreign policy are a priority. “Cooperation with countries in these regions will allow us to find additional footholds that will make our foreign political and foreign economic positions more stable,” said the Belarusian leader.

According to the head of state, South Asia, East Asia, and Southeast Asia are particularly important for Belarus primarily as large and rapidly expanding markets for Belarus-made products and services and as promising investors for the Belarusian economy. “This is why key Belarusian enterprises need a clear strategy for solidifying their stance on the Asian market. The strategy should provide for setting up joint manufacturing enterprises in countries like Vietnam, Indonesia, and India,” believes the Belarus President.

Alexander Lukashenko drew attention to Belarus’ continued cooperation with Venezuela and Cuba, the good potential for the development of relations with Bolivia, Ecuador, and Nicaragua. In his words, Belarusian products are needed and sell well in these countries. Despite the complications and difficulties involved in establishing manufacturing cooperation ties with Latin America it is important to promote Belarusian economic interests in the western hemisphere, said Alexander Lukashenko.

“It is time to implement major investment projects with countries of the Arab Peninsula. The conditions are as favorable as ever. The relevant agreement has been reached with the leadership of the United Arab Emirates. Qatar is ready for stepping up investment cooperation and invests in Belarus. Oman and Saudi Arabia are promising partners,” noted the Belarusian head of state.

The enhancement of ties and mutually equal cooperation with international organizations, regional associations, unions and individual countries is as important. “It is necessary to focus on attracting loans, credits, technical aid and other kinds of aid for the sake of addressing topical problems of our economic development,” said the Belarus President.