Business news

MINSK, 17 August (BelTA) – Investors from China’s Jiangxi Province are interested in using Borisov District in Minsk Oblast to set up a farm for 100,000 head of swine, BelTA learned from Chairman of the Borisov District Executive Committee Gennady Dengalev.

The head of the Borisov District administration said: “We’ve had a fact-finding meeting with Chinese partners from Jiangxi Province. Their company is interested in building a pig farm able to accommodate 100,000 pigs.” The project provides for a full processing cycle. An enterprise will be built to make fodder and process meat products, which will then be shipped to China. “We will definitely benefit from new jobs and a larger gross product, larger export to China,” said Gennady Dengalev.

The official stressed that they have yet to go a long way from mutual interest to the project’s implementation. A number of Chinese questions have to be answered, in particular, questions concerning taxation, available resources, and so on. Negotiations will begin afterwards.

The possibility of a local meat-processing plant supplying products to Jiangxi Province was also discussed.

Apart from that, Deputy Chairman of the Minsk Oblast Executive Committee Nikolai Rogashchuk and Gennady Dengalev held preliminary negotiations to discuss the implementation of a number of other investment projects, including negotiations with the world’s largest tea producer and supplier. “We are talking about possible cooperation in the production and promotion of high-quality large-leaf tea in Belarus but we don’t know yet in what shape or form it can be done. The investor is interested in a market to sell its products. The construction of a logistics hub or a wholesale warehouse in our territory has been suggested,” added Gennady Dengalev.

A Jiangxi Province delegation stayed in Minsk Oblast for several days to discuss ways to advance trade cooperation. It was led by Zhu Yuanfa, Deputy Director General of the Trade Department of the Jiangxi Province Commerce Ministry. The delegation included the owner of tea plantations, production, and a retail chain as well as the manager of a number of pig farms. The delegation visited the BelInterExpo enterprise of the Belarusian Chamber of Commerce and Industry (BelCCI) where they were made familiar with Belarusian proposals and presented capabilities of their territories. The delegation met with the heads of state-run enterprises and major private companies of Borisov District in the city of Borisov later on.