Business news

MINSK, 11 March (BelTA) – The Democratic People’s Republic of Korea shows interest in the imports of equipment and products of the Belarusian light industry. Possible areas of bilateral cooperation were discussed at the meeting of Belarusian Premier Andrei Kobyakov with North Korean Foreign Minister Ri Su-yong in Minsk on 11 March, BelTA has learned.

“As far as I know, you have outlined the following priority areas of cooperation: supplies of agricultural and automobile equipment to North Korea and the opening of assembly plants for this equipment there, supplies of products of the light industry, intensification of the work of the intergovernmental commission, cooperation in the agricultural sector,” the Belarusian head of government said at the start of the meeting.

In his words, the Foreign Ministry of Belarus will coordinate the work for the above-mentioned projects.

In particular, during the current visit the North Korean delegation visited a number of industrial companies in Belarus to assess their potential. Andrei Kobyakov expressed hope that the meetings with the directors of the companies were constructive and added fresh impetus to the development of the Belarusian-Korean cooperation.

The Belarusian head of government noted that in this respect the Korean side should select partners ready for permanent cooperation with Belarusian companies.

“As for the resumption of work of the intergovernmental commission, we will renew a part of the Belarusian members of the commission and elaborate possible areas of cooperation,” Andrei Kobyakov said. According to him, the Belarusian side is interested in an efficient and mutually beneficial operation of this structure.

Andrei Kobyakov stressed that Belarus seeks constructive relations with its partners. Traditionally, one of Belarus’ priorities is the development of mutually beneficial trade and economic cooperation. “I am confident that the Belarusian-Korean relations have a huge untapped potential in this area,” he said, adding that Belarus is ready for a large-scale cooperation with the Democratic People’s Republic of Korea.