Business news

MINSK, 2 September (BelTA) – A business mission from Vladivostok is set to visit Belarus, BelTA learnt from the National Center of Marketing and Price Study.

“The Belarusian delegation led by Deputy Director of the Foreign Economic Affairs Department at the Ministry of Foreign Affairs Ruslan Yesin is taking part in the Eastern Economic Forum in Vladivostok on 2-3 September. During the visit a number of meetings were held with representatives of the Administration of the Primorsky Krai, the city of Vladivostok, the Primorye Chamber of Commerce and Industry. The parties agreed to organize a visit for a business mission of the Primorsky Krai to Belarus in late 2016 or early 2017,” representatives of the center explained.

Representatives of the National Center of Marketing and Price Study noted that the center is ready to provide necessary support in the organization of the visit, including the holding of preliminary marketing research.

“Our goal is to attend the forum, assess the potential and opportunities of cooperation with the Far East, make known our readiness to develop trade and economic relations, hold initial talks in order to display at the Eastern Economic Forum a wide assortment of our goods, both traditional and new ones related to the development of space technology, IT and other sectors,” Ruslan Yesin said during the meeting in the Administration of Primorsky Krai.

The Russian side stated that it views Vladivostok as Russia’s outpost in the Far East. Territories of priority development are set up to provide more favorable conditions for investors. Vladivostok Free Port offers preferences to business. The Far East has been gradually becoming a platform for entering promising markets of Asian countries such as China, Japan, North and South Korea, and, what is also important, Belarusian companies. “The participation of Russian representatives in important projects of Belarus was discussed. The matter, first of all, pertains to the China-Belarus Industrial Park Great Stone,” the center explained.

The trade between Belarus and Primorsky Krai is relatively modest. In January-June 2016 Belarus’ export to Primorye totaled $5.3 million. The import from Primorsky Krai made up $0.7 million. “Belarus has been actively working with the markets of Mexico, Chile, Tanzania, Mozambique where the National Center of Marketing and Price Study had sent its monitoring groups. Primorsky Krai still holds an untapped potential for our businessmen, and this situation should rectified,” representatives of the National Center of Marketing and Price Study said.

The Eastern Economic Forum, which annually takes place in Vladivostok, is held under the motto Opening the Far East. The forum highlights integration of the Far East into the system of economic ties of the Asian-Pacific Region. The program of the forum includes more than 50 events.