Business news

MINSK, 14 July (BelTA) – Belarus and Qinghai Province of the People’s Republic of China have a great potential for advancing trade and economic relations. The statement was made by Chairman of the Qinghai Province Committee of the Communist Party of China Luo Huining during the opening of the Chinese-Belarusian forum on trade and economic cooperation in Minsk on 14 July, BelTA has learned.

Luo Huining said: “We already have a good start for our cooperation. It is easy to foresee great prospects. Over 200 businessmen are represented at the forum. The forum is a good platform for exchange and the establishment of business ties. It will result in mutual benefits.” He promised to do his utmost for the sake of establishing strong trade and economic ties.

Luo Huining stated that Belarus boasts a good industrial base, a well-developed mechanical engineering industry, agriculture, animal husbandry industry, and an IT industry. “Political trust between the countries has been growing stronger in the last few years. Strategic partnership has entered a new stage. The China-Belarus Industrial Park is characterized by a preferential investment policy and a good business climate. All of that serves as a guarantee of the development of trade and economic cooperation between the two countries,” he stressed.

Investment opportunities in Belarus and the trade and economic potential of Qinghai Province were presented during the Belarusian-Chinese forum on trade and economic cooperation. A business matchmaking session was also held, during which representatives of the Belarusian side and the Chinese one discussed matters of manufacturing cooperation and economic partnership. Apart from that, for the sake of stimulating trade and economic cooperation an exhibition of products made by Qinghai Province companies was arranged in the Beijing Hotel in Minsk. Chinese companies presented an unmanned aerial vehicle, measuring instruments, food, alcohol beverages, Tibet medications, carpet products, textile products and goods made of wool, fur, and cashmere wool.