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Economic cooperation between Belarus, Equatorial Guinea seen as steadily growing

Photo courtesy of the Economy Ministry

MINSK, 18 October (BelTA) - Economic cooperation between Belarus and Equatorial Guinea is growing steadily, Belarusian First Deputy Economy Minister Yuri Chebotar said during a working meeting with Vice Minister of Finance and Budget Pedro Abeso Obiang Eyang of Equatorial Guinea in Minsk on 18 October, BelTA learned from the press service of the Economy Ministry of Belarus.

According to Yuri Chebotar, the agreements reached following the meeting of the heads of state in September of this year became a solid basis for the start of specific measures in various fields. "Equatorial Guinea is one of the leading economies in Africa, ranks third in terms of oil production on the continent, and has a well-developed port infrastructure. In turn, Belarus has significant potential in the industrial and technological sectors, a wealth of experience in working with investors from various countries. We can also suggest promising projects that will meet our mutual interests. Belarus has created favorable conditions for foreign investors. Our country has a solid investment legislative framework, various preferential regimes, free and special economic zones, the Great Stone Industrial Park where many well-known investors are successfully operating," the first deputy minister said.

Vice Minister of Finance and Budget Pedro Abeso Obiang Eyang outlined priority areas for development together with Belarusian companies. These are, first of all, agriculture, manufacturing industries, infrastructure, healthcare and education.

The parties agreed to thrash over, by the end of the year, an agreement on mutual protection and promotion of investments, and incorporating this event in the draft roadmap for bilateral cooperation.

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