Business news

The establishment of joint ventures was one of the central items on the agenda of the previous Forum of Regions of Belarus and Russia in Sochi. “Unfortunately, their number has not increased but has decreased to 2,256. Even a 6% decrease means lost jobs and lost state budget revenues,” noted Mikhail Myasnikovich. “Due to objective circumstances when there are problems with non-CIS states, decent opportunities for joint investment commercial operations open up for both Belarusian and Russian private businesses. If something does not suit you with regard to legislation, let’s talk about it.”

“It is advisable for us to consider the establishment of Belarusian-Russian joint ventures and the establishment of joint ventures involving third-country residents as a priority in our cooperation,” stressed Mikhail Myasnikovich.

As far as cooperation with third countries is concerned, India and China may become main partners. According to Mikhail Myasnikovich, these countries are becoming global centers of influence that shape the system of international relations and the Russian-Belarusian union could benefit from taking part in the establishment of a multipolar world.

“We expect that the Eurasian Economic Commission will step up work on the agreement on a free trade zone of the Eurasian Economic Union and India. The Indian economy is rapidly developing, the solvent demand is rising, which invokes interest not only in Belarusian and Russian companies but also transnational corporations,” noted the head of the upper chamber of the Belarus parliament. Pharmaceutics, defense technologies, and information sphere can become promising areas of Russian-Belarusian cooperation with India.