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Investments declared by China-Belarus industrial park resident companies estimated at $1.25bn

MINSK, 5 October (BelTA) – Investments declared by companies residing in the China-Belarus industrial park Great Stone are estimated at $1.25 billion, BelTA learned from Head of the Great Stone Park Administration Aleksandr Yaroshenko before the 12th congress of the Belarusian Chamber of Commerce and Industry (BelCCI) began.

Aleksandr Yaroshenko said that investments declared by 93 resident companies are estimated at roughly $1.25 billion. The park has welcomed ten more resident companies this year. Investment opportunities are growing larger this year, he said. Constructive interaction between the park and the Belarusian Chamber of Commerce and Industry is actively developing. “We use services of the chamber for the sake of developing our residents. Manufacturing facilities are being actively commissioned, they start making products, and the products made in our park need to be certified,” Aleksandr Yaroshenko said.

An office of the Belarusian Chamber of Commerce and Industry has been opened in the park. Results of its work indicate that the number of administrative services the office provides has increased by many times. It is one side, which is related directly to the realization of investment projects. “For us it is also important to promote products within the framework of interaction with other countries and chambers of commerce and industry. For instance, not so long ago we signed an agreement on cooperation with a similar regional body of Russia’s Republic of Tatarstan. It is very difficult for investment projects like the Great Stone to operate without the organizations that directly interact with the private sector. We are grateful to our colleagues for interaction and constructive promotion of our projects,” Aleksandr Yaroshenko noted.

As many as 135 enterprises and organizations from all over Belarus have sent their delegates to the congress of the Belarusian Chamber of Commerce and Industry. Those include representatives of the Antimonopoly Regulation and Trade Ministry, the Ministry of Foreign Affairs, the Industry Ministry, the Economy Ministry, the largest enterprises of the Belarusian manufacturing sector, the services sector, education sector, banking industry, business unions, and representatives of small businesses. The congress is supposed to sum up results of the Belarusian Chamber of Commerce and Industry’s operation since October 2019 and through September 2022. Promising directions of the chamber’s work for the next three years will be determined as well.

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